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Hansen® Partners with Leading Private Equity
Firm, Golden Gate Capital, for Future Expansion
Opportunity to Lead Government IT Market Consolidation
Expected to Benefit Global Public Sector Customers
Contact
Juli Rose
P: (916)
921-0883, ext. 3511
E: juli.rose@hansen.com
Rancho Cordova, CALIFORNIA, USA - February 21, 2006
- Hansen Information Technologies (“Hansen®”),
the leading provider of software solutions to state
and local governments, today announced a strategic
investment by San Francisco-based Golden Gate Capital,
a $2.6 billion private equity fund. The investment
by Golden Gate Capital will provide substantial financial
resources to accelerate Hansen’s global expansion
plans and deliver superior services to state and
local governments.
Founded in 1983 and currently supporting 450 government
agencies with over 110,000 government users worldwide,
Hansen’s customers include some of the largest
government agencies in the world. Hansen’s
customer base includes Austin, Baton Rouge, Chicago,
Dallas, Fairfax County, Halifax Regional Municipality,
Hertfordshire County Council, Indianapolis, Johannesburg,
Los Angeles, Louisville, Montgomery County, New York
City, Philadelphia, Phoenix, San Antonio, San Diego
County, Toronto, the Government of Western Australia,
the State of California Department of Transportation
(Caltrans) and the California Department of Industrial
Relations.
“This is a winning transaction for Hansen
customers, prospects, employees, and partners,” stated
Chuck Hansen, Chairman and CEO of Hansen. “This
investment provides Hansen the opportunity to pursue
a very aggressive plan to enhance product offerings,
invest in superior service delivery, and expand our
footprint in the state and local government IT market.
Golden Gate Capital brings a wealth of expertise
that will help make an even greater impact in providing
public sector citizen-centric ERP applications.”
Hansen’s applications help manage the daily
operations of government, and include the industry’s
leading applications for Building Permits, Citizen
Relationship Management (CRM), Enterprise Asset Management,
Financials, Property Tax, and Utility Billing. A
key factor in the company’s dramatic growth
has been the successful introduction of its next
generation Microsoft .NET Web-based product suite,
Hansen 8. Providing a 360-degree view of a citizen’s
enterprise-wide transactions, Hansen 8 represents
a services oriented architecture (SOA) that enables
governments to combine financial and operational
information to improve service delivery.
"The City of Las Vegas, Nevada is excited about
the announcement of the capital investment and strategic
alliance established between Hansen and Golden Gate
Capital,” stated Patricia Dues, PMP, Project
Officer for the City of Las Vegas. “Hansen
is a long time partner with the City and we see this
new alliance as an opportunity for Hansen to strengthen
our partnership by continuing to enhance their current
Hansen 7 product line, in addition to migrating to
the new Hansen 8 product line."
“This acquisition provides Hansen additional
opportunities to meet their growing customer needs,” stated
William J. Thomas, Chief Financial Officer, City
of Rancho Cordova, California. “It also positions
them as a major Rancho Cordova business and strengthens
the City’s partnership with them.”
“With substantial financial backing from Golden
Gate Capital, Hansen will be well positioned to accelerate
its extraordinary growth and provide more innovative
and comprehensive solutions to its customers,” said
David Dominik, Managing Director of Golden Gate Capital. “Hansen,
through its deep vertical knowledge and industry-leading
products, is changing what state and local governments
expect from an enterprise software vendor. We are
very excited to partner with Hansen’s management
team as they continue to drive the company along
its impressive trajectory.”
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