Thoma Bravo and Madison Dearborn Partners Complete Investments in Syntellis Performance Solutions, Which Moves Forward as Standalone Company

Syntellis Performance Solutions, LLC (“Syntellis”), a leading provider of enterprise performance management (EPM) software, data and analytics solutions, announced the completion of the previously announced investments by funds affiliated with Thoma Bravo and Madison Dearborn Partners (“MDP”).

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Syntellis’ goal is to provide powerful, integrated and intuitive EPM solutions that make it easy for its clients to acquire insights, accelerate decisions and advance their business plans. In doing so, Syntellis can enable those clients to elevate their organizational performance and transform their vision into reality. Syntellis, which was previously known as Kaufman Hall Software when part of Kaufman, Hall & Associates, LLC, brings together Axiom Software and the Connected Analytics capabilities recently acquired from Change Healthcare.

“Healthcare, higher education and financial institutions—some of society’s most foundational institutions, making a difference in the communities they serve—are experiencing rapid transformation as a result of the COVID-19 pandemic and other factors,” said Kermit S. Randa, chief executive officer of Syntellis. “With the support and expertise of two well-capitalized and experienced investors—Thoma Bravo and Madison Dearborn Partners—Syntellis is expanding strategic partnerships, product innovation, operational investments, and client services to support these institutions. After all, there isn’t a community in the world that doesn’t need these organizations to thrive right now, and well into the future.”

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Syntellis has recently advanced the needs of its clients through the launch of its Advantage Program, which helps clients maximize their software investment, announced a new relationship with Fiserv to further empower financial institutions, and released its 2020 Profitability Perspectives survey of senior finance professionals. Furthermore, Syntellis was recognized for its No. 1 ranking by Black Book Research for Axiom Cost Accounting and Decision Support, Axiom Comparative Analytics, and Axiom Contract Management, as well as for its outstanding performance in BPM Partners’ 2020 Vendor Landscape Matrix.

“Now more than ever, Syntellis’ cloud-based product suite is critical to how essential institutions will successfully navigate the new normal,” said A.J. Rohde, a partner at Thoma Bravo. “We look forward to partnering with MDP and the Syntellis team and providing our capital and broad expertise in software to drive continued growth and innovation in a standalone Syntellis.”

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