JMI Equity and The Carlyle Group Complete Acquisition of Gemcom Software
Vancouver, Canada – July 23, 2008 – Gemcom Software International Inc. (TSX:GCM), the largest global supplier of specialised mining productivity solutions, today announced the completion of the plan of arrangement (the “Arrangement”) whereby an acquisition vehicle indirectly owned by affiliates of JMI Equity Fund VI, L.P., Carlyle Venture Partners III, L.P. and Pala Investments Holdings Limited (the "Purchaser"), acquired all of Gemcom's outstanding common shares and Gemcom has purchased all outstanding options to purchase Gemcom common shares.
For shareholders who held their Gemcom shares through a broker, the payment of the purchase price will be processed after the broker deposits the share certificates with Pacific Corporate Trust Company, the Depositary for the transaction, in accordance with the instructions in the letter of transmittal previously sent. For shareholders who held their Gemcom shares in registered form, the payment of the purchase price will be processed after they deposit their share certificates with the Depositary in accordance with the instructions in the letter of transmittal previously sent. For holders of Gemcom options, Gemcom will be mailing payment directly to such holders. Any questions regarding payment of the purchase price, including any request for another form of letter of transmittal, should be directed to the Depositary via telephone at +1 (877) 288-6822 or via email at pacific@pctc.com.
About Gemcom
When mining companies seek to increase mine productivity, they turn to Gemcom for technology and services. The Company is home to world-renowned mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry thought-leaders who are pushing the boundaries of what’s possible in mining. Established in 1985, Gemcom has a global reach delivering comprehensive solutions in all major mining centres in more than 90 countries. Every major mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is a Gemcom client. Through a combination of organic growth and strategic acquisitions, the Company has become the largest global supplier of specialised mining productivity solutions. Gemcom is listed on the TSX under the ticker “GCM.” For more information, visit www.gemcomsoftware.com.
About JMI Equity
JMI Equity, based in Baltimore and San Diego, is a private equity firm exclusively focused on investments in growing software and business services companies at all stages of their lifecycles. Founded in 1992, JMI has invested in more than 90 companies throughout North America and has approximately $1.3 billion of committed capital under management. JMI provides the first institutional capital to self-funded companies, partners with management teams to acquire or recapitalize market leading companies and selectively makes investments in early-stage companies. Representative investments include Blackbaud, DoubleClick, Kronos and Unica. For more information on JMI, visit www.jmiequity.com.
About The Carlyle Group
The Carlyle Group is a global private equity firm with $81.1 billion under management committed to 60 funds. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, technology & business services and telecommunications & media. Since 1987, the firm has invested $43.0 billion of equity in 774 transactions for a total purchase price of $229.3 billion. The Carlyle Group employs more than 1,000 people in 21 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world. www.carlyle.com
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Gemcom, the Gemcom logo and combinations thereof, are trademarks of Gemcom Software International Inc. GEMS, Surpac, Minex, Whittle, MineSched, PCBC and Gemcom InSite are either registered trademarks or trademarks of Gemcom Software International Inc.
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For More information Contact:
Investor Communications
Garth Albright, Chief Financial Officer
+1 604 684 6550
galbright@gemcomsoftware.com
Nick Hurst, Vice President, The Equicom Group
+1 403 538 4845
nhurst@equicomgroup.com
Corporate Communications
Mark Bese, Marketing Communications Manager
+1 604 684 6550 ext. 4481
mbese@gemcomsoftware.com
JMI Equity Communications
Chuck Dohrenwend, Senior Vice President
The Abernathy MacGregor Group
+1 212 371 5999
cod@abmac.com
The Carlyle Group Communications
Ellen Gonda, Director of Communications for the Americas
+1 212 813 4821
ellen.gonda@carlyle.com
