Daily News: May 24, 2012

Harris Williams Advises Silverchair Learning in Sale to Vista

Harris Williams & Co. announced the sale of Silverchair Learning Systems, LLC (SLS), a healthcare IT (HCIT) provider delivering online learning and communication solutions to the senior care industry. SLS, a subsidiary of Silverchair Holdings, Inc., was sold to Vista Equity Partners.

Harris Williams & Co. acted as the exclusive advisor to SLS. The transaction was led by Sam Hendler from the firm’s Technology, Media & Telecom (TMT) Group and Cheairs Porter from the firm’s Healthcare & Life Sciences (HCLS) Group.

“Attracting capital from an investor of Vista’s caliber is a testament to what the SLS team has achieved and the ongoing opportunity for differentiated SaaS businesses serving the healthcare market,” added Hendler, a director in Harris Williams & Co.’s TMT Group who leads the firm’s efforts in HCIT.

“We were very pleased to work with Silverchair’s shareholders and the SLS management team,” said Porter, a managing director in Harris Williams & Co.’s HCLS Group. “SLS provides a unique learning management solutions platform within the senior care industry and Vista will be a great partner for the management team going forward.”

SLS is an ANCC-accredited online education and communication systems provider that works with senior care providers who want to improve training and communications (both internal and external) in their organizations.

Vista, a U.S.-based private equity firm with offices in San Francisco, Chicago and Austin.