#Unison software software

The Shields team understood my goals and requirements for the sale of PRICE managing the process to achieve our objectives.

Evan and the Shields team guided us through the sale process, managing the data preparation, negotiation, and closing of the transaction.

#Unison software software

Tony DeMarco, Chief Executive Officer of PRICE, said “Combining Unison’s enterprise software and Insight Platform with our advanced analytics, algorithms, and modeling software will deliver a host of new benefits and capabilities to leading organizations.

PRICE Systems best practices, thought leadership and unrivaled data-driven software are the best means of managing complexity and reducing risk,” said Reid Jackson, Unison’s Chief Executive Officer. “Our customers’ mission-critical programs continue to grow more complex. Headquartered in Mount Laurel, NJ, PRICE is a leading expert and provider of model-based cost estimation solutions for aeronautics, space, and government organizations worldwide. (“Unison”), a portfolio company of The Carlyle Group. Shields & Company is pleased to announce it advised PRICE Systems, LLC (“PRICE”) in its sale to Unison Software, Inc. is advising Unison and Carlyle on the deal while Lincoln International is advising Madison Dearborn.Shields & Company is pleased to announce it advised Price Systems on its sale to Unison Software, a portfolio company of The Carlyle Group. The deal is slated to close in the third quarter. It first invested in the company in 2005 and sold it five years later to JMI Management Inc.įinancing for the deal is being provided by Antares Capital. It’s the second time Carlyle has sold the company, which was founded in 1983. “Unison sits right at the intersection of our team’s core focus areas, and we look forward to applying our extensive expertise to help drive Unison forward in the service of the US federal government and its key contractors,” Matt Norton, managing director and head of the business and government software and services team at Madison Dearborn, said in the statement. “But the deals for A+ quality assets are still getting done and at strong valuations,” he said.ĭulles, Virginia-based Unison supports government agencies and contractors, serving all 15 US cabinet-level agencies and more than 200,000 users, according to the statement. Valuations may have come down in public technology companies, but the decline hasn’t fully hit the steadier market for private tech buyouts.Ĭarlyle partner Steve Bailey said in an interview that because of the technology company valuation correction in both the private and public markets, there are fewer transactions compared with the record pace seen last year. Representatives for Madison Dearborn and Carlyle declined to comment on the terms. The transaction values Unison at more than $1 billion, including debt, people familiar with the matter said, who asked to not be identified because the terms are private. from fellow private equity firm Carlyle Group Inc.Ĭarlyle is keeping a minority stake, according to a statement. (Bloomberg) - Madison Dearborn Partners is acquiring a majority stake in software company Unison Software Inc.