Francisco Partners to exit Aesynt

By Luisa Beltran — 3 months ago

Francisco Partners said Thursday it has agreed to sell Aesynt Inc. to Omnicell Inc. for $275 million. Cranberry Township, Pennsylvania-based Aesynt provides a medication management portfolio that aims to reduce cost and improve patient safety. Francisco Partners acquired Aesynt in October 2013.

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PE-backed Kewill appoints new CEO

By Iris Dorbian — 4 months ago

Kewill, a portfolio company of Francisco Partners, has named Doug Braun as CEO and Jim Hoefflin as president and COO. Braun is succeeding Bob Farrell. Kewill is a provider of supply chain execution software.

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Francisco Partners-backed Vendavo taps Slosse as president and CEO

By Iris Dorbian — 5 months ago

Vendavo, which is backed by Francisco Partners, has named Bruno Slosse as president and CEO. Slosse is succeeding John Trzeciak, an operating partner at Francisco Partners. Previously, Slosse was president of Ascend Learning‘s clinical health division. Silicon Valley-based Vendavo is a provider of margin and profit optimization solutions.

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Francisco Partners completes take-private ClickSoftware acquisition

By Iris Dorbian — 7 months ago

Francisco Partners Management LP has closed its previously announced take-private buy of ClickSoftware Technologies Ltd for $12.65 per share or about $438 million. As a result of the deal, ClickSoftware will stop trading on the NASDAQ on Monday. ClickSoftware is a provider of automated mobile workforce management and optimization solutions for the service sector.

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Francisco Partners invests in ShoreGroup

By Iris Dorbian — 8 months ago

Francisco Partners has made an undisclosed investment in ShoreGroup Inc. Moelis & Co and Locke Lord advised ShoreGroup on the transaction while Kirkland & Ellis LLP and Evercore advised Francisco Partners. Headquartered in New York City, ShoreGroup is a managed services company.

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Francisco Partners invests in ShoreGroup

By Luisa Beltran — 8 months ago

Francisco Partners has made a growth equity investment in ShoreGroup Inc. Financial terms weren’t announced. New York-based ShoreGroup provides software and networking management service solutions to major enterprises, cloud and hosted solution providers, and government agencies. Moelis & Co. advised ShoreGroup while Evercore provided financial advice to Francisco Partners.

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Francisco Partners completes HealthcareSource acquisition

By Iris Dorbian — 9 months ago

Francisco Partners has closed its previously announced buy of Woburn, Massachusetts-based HealthcareSource, a talent management solutions provider for healthcare. No financial terms were disclosed. William Blair & Company advised HealthcareSource on the transaction. HealthcareSource was backed by Insight Venture Partners.

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Francisco Partners to buy ClickSoftware in $438 mln deal

By Luisa Beltran — 9 months ago

Francisco Partners has agreed to buy ClickSoftware Technologies Ltd. in a deal valued at about $438 million cash. Terms of the deal call for Francisco to pay $12.65 a share cash for each outstanding ClickSoftware share. ClickSoftware provides automated mobile workforce management and optimization products for the service industry. Jefferies LLC provided financial advice to ClickSoftware.

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Francisco Partners to acquire HealthcareSource

By Iris Dorbian — 10 months ago

Francisco Partners has agreed to buy Woburn, Massachusetts-based HealthcareSource, a talent management solutions provider for healthcare. No financial terms were disclosed. William Blair & Company provided financial advice to HealthcareSource on the transaction. HealthcareSource was backed by Insight Venture Partners.

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Francisco Partners to buy Procera Networks in $240 mln deal

By Luisa Beltran — 10 months ago

Francisco Partners has agreed to buy Procera Networks Inc. in a deal valued at about $240 million. Francisco Partners is paying $11.50 cash for each share of Procera stock. Stifel, Nicolaus & Company Inc. acted as financial advisor to Procera. Fremont, California-based Procera is networking equipment company.

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Francisco Partners leads $60 mln round for Betterment

By Iris Dorbian — 12 months ago

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.

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Clearlake Capital to buy FrontRange Solutions

By Luisa Beltran — 12 months ago

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.

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PE-owned Vendavo hires president/CEO

By Iris Dorbian — 1 year ago

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.

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