SAN FRANCISCO — The acquisition of Activant Solutions by private equity firms Hellman & Friedman LLC, Thoma Cressey and JMI Equity was completed May 2.
Pervez Qureshi has been named president and chief executive officer of the company. An Activant employee since 1994, Qureshi has developed extensive knowledge of the company’s customers and key markets through the broad range of executive positions he has held during his tenure with the company. In his most recent role as chief operating officer, Qureshi oversaw company-wide operations through its recent growth and acquisition phase. Qureshi has more than 20 years of high-tech industry management experience.
“Participating in Activant’s rapid growth over the past 12 years has been both exciting and challenging,” said Qureshi. “I look forward to working with our board, employees and customers to strengthen our market leading position in each of our businesses, enhance our customer service, and deliver high-quality product offerings.”
“Since 1972, Activant has grown, thrived and evolved as a company,” said David Tunnell, managing director of Hellman & Friedman LLC. “We are excited about working with Activant as it enters this next chapter of growth and development. In particular, we are enthusiastic about our partnership with Pervez, a strong leader who we believe will bridge the company’s solid past with its bright future.”
For more information about Activant, visit: www.activant.com .
_______________________________________
Click here to view the rest of today’s headlines.
