Money Makers Mentor

Thoma Bravo and MDP to Back New Software Company Syntellis Performance Solutions

Today, Thoma Bravo and Madison Dearborn Partners (MDP) announced their commitment to invest in Syntellis Performance Solutions, LLC. The investment announcement comes in conjunction with Kaufman, Hall & Associates, LLC’s announcement that its software division will separate from Kaufman Hall to create Syntellis.

Specifically, Thoma Bravo and MDP will aid in enhancing Syntellis’ partnerships, operational investments, and product innovation. MDP will remain a significant investor in Kaufman Hall.

Kermit S. Randa, chief executive officer of Syntellis, said: “At a time when many organizations are unsure about their path forward, and the focus on financial management and improvement is at a record high, Syntellis is investing in new ways to help healthcare, higher education and finan…

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