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Datatel, Inc.
Company typePrivate
IndustryHigher Education Technology Solutions
Founded1968; 56 years ago (1968)
FounderTom Davidson
FateMerged with SunGard Higher Education
SuccessorEllucian
HeadquartersReston, Virginia
Key people
Russ Griffith/CEO
Revenue$138.0 Million USD (2009)
Number of employees
533
Websitewww.ellucian.com

Datatel, Inc. was a private company that provided fully integrated software and professional services to build enterprise education platforms for higher education until it combined with its competitor SunGard Higher Education to form Ellucian in 2012. Datatel was headquartered in Fairfax, Virginia.

With 533 employees, Datatel had more than 799 client institutions located in the United States, Canada, Guam, Puerto Rico, American Samoa, and Bermuda.[1]

History

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Datatel was founded by Tom Davidson in 1968 as a data processing service bureau. The company began in the mezzanine of a suburban office supply store outside of Washington, D.C. A few years later, Datatel began performing data processing for banks. In 1973, the company grew substantially when Davidson merged Datatel with Data Technology Corporation, owned by Ken Kendrick. Datatel focused on higher education since 1979.[2]

Beginning in 1992, the company was led by Russ Griffith, who died on August 7, 2006. Under Griffith's leadership in 2005, Datatel's executive team—backed by Thoma Cressey Equity Partners, and Trident Capital—signed an agreement to acquire the company from Davidson and Kendrick.[3] Davidson went on to co-found the Balance Bar food company in 1992,[4] and Kendrick became a managing partner of the Arizona Diamondbacks baseball team. In 2004, Datatel acquired the LiquidMatrix Corporation,[5] a Buffalo-based provider of student recruiting and alumni outreach Web-based software.

Datatel was acquired in December 2009 by private equity company Hellman & Friedman.[6]

In March 2012, Datatel merged with SunGard Higher Education to form Ellucian.[7]

Timeline

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  • 1972: Released the Silent 700, a programmable data terminal
  • 1975: Became the first East Coast Microdata dealer[8]
  • 1976: Began development of TOPS, the Total Office Product System, later to be known as ASSETS
  • 1979: Became first PRIME information dealer and began selling solutions for colleges and universities
    • Willamette University became first Datatel client [9]
    • Development of Colleague began
  • 1986: Opened San Francisco office
  • 1987: Moved to current headquarters in the Fair Lakes area of Fairfax, Virginia
  • 1988: Sold hundredth Colleague client
  • 1989: Changed to multiplatform UNIX
  • 1990: Established Datatel Scholar's Foundation
  • 1991 Announced products on IBM and Sequent platforms
  • 1996: Introduced Client/Server
  • 2002: Formed Datatel Center for Institutional Effectiveness (DCIE)
  • 2004: Acquired LiquidMatrix Corporation
  • 2005: Management buyout of founders
  • 2006: Longtime president and CEO Russ Griffith died[10]
  • 2007: Reached 39th year of consecutive growth [11]
    • Released ActiveCampus Portal, built on Microsoft SharePoint [12]
  • 2009: Acquired in December 2009 by private equity company Hellman & Friedman.[6]
  • 2010: Announced 2009 revenues of $138 million[13]
  • 2012: Merged with SunGard Higher Education to form Ellucian[7]
  • 2021: Ellucian[7] is acquired by Blackstone and Vista Equity Partners[14]
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In 1990, Datatel formed the Datatel Scholars Foundation to award scholarships to outstanding undergraduate and graduate students attending Datatel client institutions. The Foundation has awarded over 3,700 scholarships totaling more than $5.5 million.[15]

Notes

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  1. ^ "Datatel, Inc." Google Finance Profile, 2008
  2. ^ "Datatel and WealthEngine.Com Sign Partner Agreement," Datatel News and Events, 2008
  3. ^ "Datatel Executive Team Announces Management Buyout of Datatel, Inc., Backed by Thoma Cressey Equity Partners and Trident Capital," Business Wire, March 18, 2005
  4. ^ "Balance Bar CO, Form DEF 14A, Filing Date Apr 5, 1999". secdatabase.com. Retrieved May 14, 2018.
  5. ^ "Datatel Completes Acquisition of LiquidMatrix; Union Makes it Easy for Universities and Colleges..." AllBusiness, 2004
  6. ^ a b ""Hellman & Friedman Acquires Datatel" Datatel Press Release, 2009". Archived from the original on 2009-12-14. Retrieved 2010-02-15.
  7. ^ a b c "Ellucian: New Company Name Announced for Datatel and SunGard Higher Education Combination". Business Wire. March 26, 2012. Retrieved 20 April 2012.
  8. ^ "Then ... and Now: Datatel - From Original Microdata Dealer to Today's Top-Notch Provider of Solutions for Higher Education," International Spectrum, 2005
  9. ^ ""Join a Stable Client Community," 2008". Archived from the original on 2008-07-05. Retrieved 2008-07-18.
  10. ^ "Russ Griffith, Datatel CEO, Dies at 59; Vernon Hollidge Named Interim Chief Executive Officer". Business Wire. 2006.
  11. ^ "Datatel Posts Record Revenue in 2007," Business Wire, April 14, 2008
  12. ^ "Datatel Selects Microsoft SharePoint for Its Next Generation ERP Solution; Technology to Help Datatel Build the Optimum User Experience," Business Wire, 2005
  13. ^ ""Datatel Finishes 2009 Strong with Record Revenue" Datatel Press Release, 2010". Archived from the original on 2011-07-08. Retrieved 2010-04-12.
  14. ^ Foster, Richard (2021-09-15). "Ellucian acquisition deal closes". Virginia Business. Retrieved 2024-06-04.
  15. ^ "Datatel Scholars Foundation". Datatel. Archived from the original on June 11, 2008.

Additional References

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  1. Company website
  2. "Datatel Offers Web-Enabled Management Software," Campus Technology, August 12, 2002 Archived January 18, 2013, at archive.today
  3. "Company Profile for Datatel, Inc." Reuters, 2008 Archived 2013-02-01 at archive.today
  4. "Great Places to Work: The List," Washingtonian magazine, 2005
  5. "Microsoft Announces 2008 Partner of the Year Awards Finalists and Winners," 2008
  6. "Great Places to Work: Where to Feel at Home," Washingtonian magazine, 2007
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