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
Rancho Cordova, CA (February 21, 2006 ) – Hansen Information Technologies, 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 over 110,000 government users worldwide, Hansen counts some of the largest government agencies in the world as its customers. Selected customers include 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, Government of Western Australia, and State of California Department of Transportation (Caltrans) and 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, including 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, 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.”
About Golden Gate Capital
Golden Gate Capital is a private equity firm with over $2.6 billion of capital under management dedicated to investing in high-growth businesses in change-intensive industries. The firm’s charter is to partner with world-class management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company’s value. Over the past four years Golden Gate Capital and its portfolio companies have completed over 40 software acquisitions aggregating to approximately $2.5 billion in revenue. For more information, please visit www.goldengatecap.com.
About Hansen Information Technologies
Hansen is the world’s leading provider of intelligent, adaptive, and pervasive solutions that help manage government transactions. Headquartered in Rancho Cordova, California, the company is a privately-held corporation employing over 260 people with offices in Auckland, London, Melbourne, Perth, Sydney, and Toronto. For more information, visit www.hansen.com.