Activant Solutions/Prophet 21 To Be Acquired By Equity Investment Firms

Activant Solutions Inc., Austin, Texas, a provider of business software that bought Prophet 21 Inc., Yardley, Pa., in September 2005, will have new owners.

The company agreed to be acquired by funds affiliated with private equity investment firm Hellman & Friedman LLC and private equity investment firm Thoma Cressey Equity Partners. The firms will acquire Activant Solutions Holdings Inc. and all its subsidiaries from investment funds affiliated with HM Capital Partners LLC. Hellma

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