IT Solutions Firm to Acquire SCT for $584 Million
SunGard Data Systems Inc., a diversified information technology systems and
services company said it would acquire SCT Corp. for about $584 million. SCT,
which has about 1,300 higher-ed customers, will be an operating unit of SunGard
Public Sector and Nonprofit Systems, and will continue to be led by Mike Chamberlain,
SCT's president and chief executive officer. Chamberlain told Reuters News Agency
that his company started to explore alternatives, including being acquired,
in April and had decided recently that it would be easier to be taken over.
"Selling to Sungard was in our best interest," Chamberlain said.
This is not Sungard’s first foray into higher education. In 1995, it acquired
Bi-Tech Software, which provides financial, payroll, and human resources systems
to colleges and universities. In 1999, it added BSR, a provider of advancement
systems to higher education. All in all it has acquired or funded over 120 technology
companies.
“These companies convinced us of the attractiveness of
higher education as an area for further investment,” said
Bob Clarke, group chief executive officer of SunGard
Public Sector and Nonprofit Systems. “SCT will continue
to focus exclusively on systems and services for higher
education and will be led by the same executives who are
now in place."
Library Resources Firm Builds ‘PowerLink’ to WebCT
Library systems integrator Sentient Learning said it would provide a “PowerLink”
to WebCT’s Campus Edition 4.1 platform, which will enable higher-ed course designers
to add library-managed resources directly into their WebCT course. The link
is designed to improve resource access for faculty, manage links to learning
resources, and provide a library with management and resource usage information.
Sentient Learning CEO Andrew Davidson said the deal would
“significantly improve access and utilization of library
resources, such as books and journal articles,” to students
and faculty at WebCT customer institutions. The Sentient
Discover learning resource management system acts as a
system integrator to link disparate systems such as resource
databases, journal providers, library systems, OpenURL
resolvers and course management systems.
eLearning Simulation Tool Produces SCORM-based Content
eHelp Corp. said that its RoboDemo software simulation tool
is now ready to produce SCORM 1.2 conformant content. The
development means that RoboDemo eLearning Edition users
can integrate their software simulations with any
SCORM-conformant learning management system. RoboDemo
eLearning Edition enables trainers, instructional designers,
subject-matter experts, and Flash developers to create
Flash-based simulations with quizzing, scoring, text-entry
fields, LMS integration, as well as Authorware and
Questionmark support. SCORM is the Sharable Content Object
Reference Model (SCORM), a standard formed to advance the
interoperability of learning tools and course content on
a global scale.
New Collegis Unit to Invest in eLearning Program Development
Collegis, which provides business and management services that support higher-ed
online programs, will launch a new company to fund online program development
at select schools. The new subsidiary, Collegis University Solutions, will take
advantage of “more flexible delivery models” that will grow online programs
“exponentially,” said J. Michael Locke, who will head the unit. He said the
firm will “partner with a select group of not-for-profit and for-profit institutions
to develop their respective market opportunities. For more than six years, Collegis
has helped institutions build, market and support online programs and we are
pleased now to be in a position to invest in these partners as well."
Collegis said it would invest in Rasmussen College and Aakers Business College,
which have 2,000 students in business, allied health and information technology
programs at six campuses throughout Minnesota and North Dakota. Collegis University
Solutions has 17 other partnerships with private four-year institutions, community
colleges, and public four-year institutions throughout the country. The new
company is projecting revenues of approximately $26 million in 2004.
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