SLS is an ANCC-accredited online education and communication systems provider that works with senior care providers who want to improve training and communications, both internal and external, in their businesses.
Silverchair, the holding company selling the unit, provides advanced semantic product development services to scientific, technical and medical (STM) publishers, professional societies and the federal government.
The sale of SLS will enable Silverchair to calibrate its plans going forward and its resources by accelerating technology investments, maximising market opportunities and building market share in the STM information and knowledge management space, it said.
US mid-market investment bank Harris Williams & Co. acted as the exclusive advisor to SLS. Financial terms of the deal were not disclosed.
Vista recently confirmed the $3.5bn final close of its fourth investment vehicle – a full $1bn over its initial target. The latest fundraise means Vista now has over $6.6bn under management, which it uses to target technology-based companies.
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