SMH Private Equity Trumpets Syntex Management Systems Sale

Houston-based SMH Private Equity Group, an investor in early stage energy technology and healthcare technology firms, is hailing its sale of Houston-based Syntex Management Systems last week by IHS. SMH Private Equity Group, which is a division of Sanders Morris Harris Group, said it's the second major private equity investment exit it has had in twelve months. SMH also backed Austin-based Lombardi, a maker of business process management software, which was acquired by IBM in December of 2009.