Reuters: Private Equity: Apax Partners, JMI Equity to buy software co Paradigm for $1 bln

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Apax Partners, JMI Equity to buy software co Paradigm for $1 bln Jun 11th 2012, 11:20 June 11 | Mon Jun 11, 2012 7:20am EDT June 11 (Reuters) - Private equity funds Apax Partners and JMI Equity agreed to buy Paradigm Ltd, a software vendor focused on oil and gas exploration, for about $1 billion in cash. Paradigm, which has over 700 customers, helps engineers to make drilling and production decisions by analyzing seismic data.

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