IT Outsourcer Raises $48 Million

DarwinSuzsoft, a Wakefield, Mass.-based IT outsourcing company, has raised $48 million in Series A funding. Francisco Partners led the deal with a $38 million equity commitment, while Silicon Valley Bank provided $10 million in debt. The company was formed last year when Darwin Partners acquired Suzsoft Ltd., and provides U.S. companies with IT outsourcing services in China.