Vista Equity made a “significant” investment in SmartBear, which provides software development and quality tools. Existing investor Francisco Partners will remain an investor in the company, and Vista and Francisco will be equal owners of SmartBear.
Francisco acquired SmartBear in 2017. Read more here on PE Hub.
Searchlight Capital and Abry Partners completed Clearspan’s carve out from Mitel. As a standalone company, Clearspan will focus on cloud communication services for service providers, larger enterprises, governments and educational institutions. Read more here.
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