Sirsi Corporation

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Sirsi Corporation - overview

Established

1981

Location

Lehi, UT, US

Primary Industry

Software

About

Sirsi Corporation, based in the US, specializes in library automation solutions, enhancing library operations and user engagement through advanced software and services. Sirsi Corporation, founded in 1981 in Lehi, US, focuses on providing library management solutions. The company has undergone strategic changes and was recently acquired by Harris Computer Systems, Inc. on December 24, 2024, from ICV Partners, Spotlight Equity Partners, and Argosy Private Equity for undisclosed financial terms.


It has raised a total of USD 260. 00 mn, with its latest funding round being a Secondary Buyout from Vista Equity Partners. SirsiDynix specializes in providing comprehensive library automation solutions through its flagship products, including the BLUEcloud Library Services Platform (LSP), SirsiDynix Symphony®, and EOS. Web, among others.


These products are designed to streamline library operations, enhance user engagement, and improve accessibility to library resources. The BLUEcloud platform allows libraries to manage acquisitions, cataloging, circulation, and patron discovery in a cloud-based environment, enabling users to easily find and utilize library materials. SirsiDynix serves a diverse client base that includes public, academic, K-12, and special libraries across North America, Europe, and other international markets, empowering them with the tools necessary to effectively manage their collections and engage with their communities. SirsiDynix generates revenue primarily through subscription-based models for its software and services.


Libraries pay for access to the various BLUEcloud modules and other integrated library systems, allowing them to tailor their software usage according to specific needs. Transactions typically involve annual or multi-year contracts where libraries commit to using SirsiDynix products, which include flagship offerings like BLUEcloud Acquisitions and BLUEcloud Analytics. The pricing structure is designed to accommodate the varying budgets of different library types, ensuring that both large consortia and smaller individual libraries can access the necessary resources to achieve their operational goals. This approach fosters long-term partnerships as libraries rely on SirsiDynix for continuous support and software updates.


Following the recent acquisition by Harris Computer Systems, Inc. , the company plans to enhance its product offerings and solutions. This strategic move is expected to drive the development of new products and services tailored to the library sector. Sirsi Corporation aims to expand into new markets, particularly focusing on increasing its presence in international regions.


The recent funding will support these initiatives, allowing for enhanced capabilities and resources to meet the diverse needs of libraries globally.


Current Investors

ICV Partners

Primary Industry

Software

Sub Industries

Education & Training Software

Website

www.sirsidynix.com

Verticals

Cloud Computing, EdTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Sirsi Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedSirsi Corporation-
Private DebtCompletedSirsi Corporation-
Secondary BuyoutCompletedSirsi Corporation-
Secondary BuyoutCompletedSirsi Corporation-
RecapitalisationCompletedSirsi Corporation-

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