225 Views

Francisco Partners leads $60 mln round for Betterment

New York City based-automated investing service Betterment has raised $60 million in funding. Francisco Partners led the round with participation from other investors that included Bessemer Venture Partners, Menlo Ventures and Northwestern Mutual Capital. In addition to the funding, Betterment has named Peter Christodoulo of Francisco Partners to its board of directors.

240 Views

Clearlake Capital to buy FrontRange Solutions

Clearlake Capital Group said Thursday it has agreed to buy FrontRange Solutions. Financial terms weren’t announced. Francisco Partners acquired FrontRange in 2005. Clearlake said it is merging FrontRange with portfolio company Lumension to form Heat Software. Milpitas, California-based Heat Software provides hybrid service management and unified endpoint management solutions for businesses. Stifel acted as financial advisor to FrontRange. Wells Fargo Capital Finance, PNC Bank, Capital One and Consortium Finance provided financing.

208 Views

PE-owned Vendavo hires president/CEO

Vendavo, which is owned by Francisco Partners, has appointed Patrick D. Quirk as president and CEO. Vendavo’s interim CEO David Mitchell, who is also an operating partner at Francisco Partners, will remain on the firm’s board of directors. Previously, Quirk worked at Achievers where he served as president and CEO. Headquartered in Mountain View, California, Vendavo provides margin and profit optimization solutions.

428 Views

Francisco Partners invests in eSolutions

Francisco Partners has invested in eSolutions. Financial terms weren’t announced. Esolutions said that Gene Creach, its current president, will succeed founder and current CEO Bill Creach as chief executive officer following the close of the transaction. Olathe, Kan.-based eSolutions provides healthcare technology and analytics solutions. TripleTree acted as the exclusive financial advisor to eSolutions.

142 Views

Vector Capital promotes two to MD

Vector Capital has promoted Alex Beregovsky and Andy Fishman to managing director. Prior to joining Vector, Fishman worked at Silver Lake Partners and Goldman Sachs while Beregovsky worked at a number of firms, among them Viking Global Investors and Francisco Partners.

386 Views

Francisco Partners completes acquisition of Vendavo

Francisco Partners has completed the acquisition of Vendavo, Inc., a big data company focused on price optimization for businesses. As part of the deal, Francisco Partners operating partner David Mitchell will become Vendavo’s chief executive officer. Current CEO Neil Lustig will move into an advisory role with Vendavo.

515 Views

Francisco Partners to acquire Vendavo

Francisco Partners is to acquire Vendavo. Based in Mountain View, Calif, Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies.

125 Views

PE-backed Quantros names new president and CEO

Quantros, a a portfolio company of Francisco Partners, has hired Annie Callanan as president and CEO. She is replacing J.P. Fingado, an operating partner at Francisco Partners who served as interim president and CEO. Callanan is the former COO of Systech International. Headquartered in Milpitas, Calif., Quantros is a provider of safety and quality performance solutions for the healthcare sector.

294 Views

Francisco Partners promotes

Francisco Partners has promoted Chris Adams, Peter Christodoulo, Petri Oksanen and Matt Spetzler to partner. Francisco Partners is a global private equity firm that specializes in investments in technology companies.

125 Views

PE-backed T-System appoints new president and CEO

T-System, which is backed by Francisco Partners, has hired Roger Davis as president and CEO. Davis is the former managing director at Accenture. Based in Dallas, T-System is a provider of solutions for hospital emergency departments.

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget