New owner for Silverchair Learning Systems

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Silverchair Learning Systems has a new owner. Vista Equity Partners, a California-based firm has purchased the online training firm. “This is a great situation for both us and our customers,” said Mike Mutka, president and chief operating officer of Silverchair Learning Systems. Mutka added that customers will not see any changes in the short term. The company also plans to remain on the East Coast. Mutka said that Vista Equity Partners emerged as the best candidate among numerous suitors from the private equity field. Vista Equity Partners' experience in purchasing and managing technology-based firms made it especially attractive to Silverchair, Mutka noted. Terms of the deal were not released.