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.


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.


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.


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.


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.


Francisco Partners exits Masternaut

Summit Partners and FleetCor have acquired Masternaut from Francisco Partners. No financial terms were disclosed. Masternaut’s CEO Martin Hiscox will remain in his position. Arma Partners was financial advisor to Masternaut on the transaction. Based in the UK, Masternaut is a provider of telematics solutions to commercial fleets.

First read Feb 24

peHUB First Read

This mid-week morning, First Read brings you CVC’s first buy from its latest Asia fund, fundraising news from Victory Park Capital, women standing firm as institutional investors and a look at CalSTRS’ top performing fund managers coming back to market.


Peer-to-peer lending site Prosper bulks up with $70 mln round

Peer-to-peer online lender Prosper Marketplace has raised a $70 million round that was led by Francisco Partners and includes Institutional Venture Partners and Phenomen Ventures. As part of the latest round, David Golob, a partner with Francisco Partners, has joined Prosper’s board. The San Francisco-based company has now raised $196 million in total funding, according to Thomson Reuters (publisher of peHUB), including from Accel Partners, Benchmark Capital, Draper Fisher Jurvetson, Sequoia Capital and others.

PE-owned Aesynt acquires Health Robotics

Aesynt, which is owned by Francisco Partners, has closed its buy of Health Robotics. No financial terms were disclosed. Based in Italy, Health Robotics is a provider of automated technology for intravenous medication preparation, compounding and dispensing.

Francisco Partners backs NexTech

Technology-focused private equity firm Francisco Partners has backed NexTech, a provider of fully integrated electronic medical records, practice management, and marketing software solutions for specialty physician practices. Closing is subject to customary conditions, including Hart-Scott-Rodino clearance.

Accel Partners Makes Plex Systems Deal

Plex Systems, the Michigan-based cloud company for manufacturers, is taking $30 million from Accel Partners in a round of financing. Sameer Gandhi of Accel will join the company’s board as part of the deal, where already, Francisco Partners is represented.

Reuters – Thoma Bravo, Francisco, THL Final Suitors for Merge

Private equity firms vying for Merge Healthcare are waiting for a decision from the company after the provider of medical imaging software solutions sought revised takeover offers last week, writes Reuters. Thoma Bravo LLC, Thomas H. Lee Partners LP and Francisco Partners are the buyout firms that remain in the auction.

Emailvision Holdings Secures $30m from Izurium Capital

Emailvision Holdings, a provider of customer intelligence and marketing automation, has completed a $30 million equity investment from London-based investment firm, Izurium Capital. Emailvision is located in 22 countries around the world and is majority owned by Francisco Partners.

Francisco Partners Co-Founder Invests in Urban Capital

Sanford Robertson, co-founder of Francisco Partners, is investing in Urban Capital Royalty Fund I. Urban Capital of America provides growth capital to small and medium-sized businesses. Urban uses royalty-based financing instead of warrants or equity. PRESS RELEASE Urban Capital of America, Inc. is pleased to announce that Sanford Robertson, Co-Founder of Francisco Partners, is investing […]

Francisco Partners Backs Therapeutic Research Center

Francisco Partners has invested in Therapeutic Research Center. Financial terms weren’t disclosed. Stockton, Calif.-based Therapeutic Research provides drug therapy recommendations, continuing education, training, and data to the healthcare community. Berkery, Noyes & Co. served as the financial advisor to Therapeutic Research. PRESS RELEASE Aug 13, 2012 – Francisco Partners, a leading technology-focused private equity firm, today […]

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