Thoma Cressey Bravo Acquires Majority Stake in Hyland Software, Inc.

Private Equity Firm Will Help Hyland Pursue Acquisitions

SAN FRANCISCO--()--Thoma Cressey Bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in Hyland Software, Inc., a Westlake, OH-based enterprise content management (ECM) software company. Thoma Cressey Bravos financial backing will allow Hyland Software to pursue acquisitions, which will help the company expand its customer base and product offerings.

We are excited about our partnership with Thoma Cressey Bravo. Hyland Software has seen tremendous growth since its inception and partnering with Thoma Cressey Bravo will only strengthen our ability to grow, said A.J. Hyland, president and CEO of Hyland Software, Inc.

Hyland Softwares leadership in a highly attractive industry segment, coupled with the companys exceptional management team, makes this an exciting investment opportunity for us, said Orlando Bravo, managing partner, Thoma Cressey Bravo. We will work with Hyland Software to build the leading independent ECM software vendor through both continued organic growth and consolidation.

Hyland Software, via OnBase®, its award-winning enterprise content management (ECM) software platform, enables a broad spectrum of organizations to create value, control costs and minimize risk by developing software that optimizes high-value, document-driven business processes. The investment in Hyland represents the continued commitment Thoma Cressey Bravo has to investing in and helping to build software companies that are the leaders in their respective markets.

Thoma Cressey Bravo is one of the most active and successful private equity firms in the software industry. Over the past five years, the firm has closed in excess of 30 software acquisitions with an aggregate value of $3 billion. The private equity firms current portfolio of software companies has aggregate revenues and earnings of approximately $2.0 billion and $500 million, respectively.

About Hyland Software, Inc.

Hyland Software, established in 1991, is a software developer dedicated to enabling a broad spectrum of organizations to become operationally more efficient and effective. For more than a decade, Hyland has accomplished this by developing and marketing OnBase®, its award-winning enterprise content management (ECM) software.

The OnBase enterprise content management solution consists of more than 80 modules, and is constantly expanding. As a customer-driven organization committed to providing premium service and support, the company is dedicated to developing ECM software that is deployable at both the departmental and enterprise levels. It also provides organizations with solutions that help them streamline their work processes and share information among their employees, business partners and customers. Hyland addresses its customers' needs with products that set the standard for out-of-the-box functionality and people who set the standard for responsiveness, honesty and integrity.

Headquartered in Cleveland, Ohio, Hyland markets OnBase throughout North America, Latin America, Europe and Japan. For more information, please visit www.onbase.com

About Thoma Cressey Bravo

Thoma Cressey Bravo is a leading private equity investment firm with more than 27 years of experience in building successful companies. Recognized nationally for pioneering the buy and build strategy, Thoma Cressey Bravo identifies high-potential industry sectors to partner with successful companies in building industry leaders through organic growth, operational improvements and strategic acquisitions. Thoma Cressey Bravo specializes in software, healthcare, business services and other consolidating industries including education, distribution and consumer products. The firm currently manages almost $2 billion in equity capital.

Thoma Cressey Bravo is one of the most active and successful private equity firms in the software industry. The firms current portfolio of software companies has aggregate revenues and profits of approximately $2.0 billion and $500 million, respectively. Thoma Cressey Bravo has a record of investing in and helping to build software companies that are the leaders in their respective markets. In application software, the firms companies are leaders in vertical markets such as Distribution, Higher Education, Retail, Manufacturing and Consumer Goods. In infrastructure software, the firms companies include leaders in Database Tools, High Availability, and Host Access.

For more information, please visit www.tcb.com

Contacts

Thoma Cressey Bravo
Amber Roberts, 503/546-7891
amber@lanepr.com

Contacts

Thoma Cressey Bravo
Amber Roberts, 503/546-7891
amber@lanepr.com