The announcement follows the strategic growth buyout of Unit4’s global ERP lines of business by TA Associates for $2bn earlier this year.
Thesis offers a transformative SaaS solution that provides opportunities for higher education institutes to innovate and improve the student experience by fully leveraging advanced SIS technology.
Thesis will continue to be owned by Advent International, a global private equity investor.
Mike Ettling, Unit4 CEO said: “Organisations of all types are looking for partners who can help them innovate quickly so they can position themselves to grow and thrive in today’s marketplace. Separating our SIS business makes sense for strategic purposes, and the launch of Thesis ensures our higher education customers continue to be served to the highest standards while Unit4 focuses on cloud-native ERP, FP&A and HCM solutions, creating value for customers and driving strong growth worldwide.”