Press Releases
ThinkEquity advises RuleBurst on sale of division to Oracle Corporation
SAN FRANCISCO, November 3, 2008 — ThinkEquity LLC, the research-centric institutional investment bank focused on the growth economy, is pleased to announce its role as advisor to RuleBurst Holdings Limited, based in Sydney, Australia and parent company of Haley Limited on its acquisition by Oracle Corporation.
Oracle has entered into an agreement to acquire RuleBurst, a leading provider of policy modeling and automation software for legislative and regulated industries such as public sector, financial services, and insurance. The transaction is subject to stockholder and governmental approvals and other customary closing conditions and is expected to close in the first calendar quarter of 2009.
Tim Linacre, Panmure Gordon group chief executive, said: "This assignment exemplifies our global advisory capabilities and demonstrates the quality of our US technology franchise and the strength of our M&A team."
Doug Gonsalves, co-head of mergers and acquisitions for ThinkEquity, said: "This transaction, completed in a challenging environment, reflects the continued interest of multinational software leaders to acquire rapidly growing and innovative software companies across the globe."
Haley has over 20 years experience in delivering complex policy automation software for industries that are a focus for Oracle, including regulated industries. Haley's leading applications empower business users to translate legislation and policy into automated business rules using natural language to enable self-service, automate advice, ensure compliance, and mitigate enterprise wide policy risk.
Further information:
US:
Doug Gonsalves
Co-Head, M&A, ThinkEquity LLC
Tel: +1 415-249-6922
UK:
Nathaniel Webb
Group Communications Manager
Tel: +44 (0) 20 7614 8333
About ThinkEquity LLC — A Panmure Gordon Company
Focused on the growth sectors of the economy, ThinkEquity provides research, equity financing, M&A advisory, institutional sales and trading, wealth management and asset management services to institutional investors, corporate and private clients, venture capitalists, entrepreneurs and financial sponsors. As a Panmure Gordon company, ThinkEquity accesses the combined financial expertise of professionals based in San Francisco, New York, Boston, Chicago, London, Liverpool and Geneva. Research-driven, we remain true to our founding principles: the power of growth, focus, deep domain expertise and people. www.thinkequity.com
About the Panmure Gordon Group
Founded in 1876, Panmure Gordon & Co. (PMR.L) is a leading independent institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 240 professionals across the US, the UK, Singapore and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management. www.panmure.com