Francisco Partners

Francisco Partners to Acquire Orchard Software

Retrieved on: 
Monday, September 30, 2019
Technology, Finance, Professional services, Software, Other Health, Health, Data management, Francisco Partners, Brentwood Associates, Economy of the United States, California, Service companies

Francisco Partners (FP), a leading technology-focused private equity firm, today announced its intent to acquire Orchard Software Corporation (Orchard), a privately owned company specializing in developing and supporting award-winning Laboratory Information Systems (LIS) that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing (POCT).

Key Points: 
  • Francisco Partners (FP), a leading technology-focused private equity firm, today announced its intent to acquire Orchard Software Corporation (Orchard), a privately owned company specializing in developing and supporting award-winning Laboratory Information Systems (LIS) that enhance clinical and pathology laboratory workflow, as well as support laboratory outreach and point-of-care testing (POCT).
  • "Orchard has been the pioneer in the LIS industry, developing market-leading products and maintaining strong, long-standing customer relationships," said Jonathan Murphy of Francisco Partners.
  • Brentwood Capital Advisors served as financial advisor to Orchard Software and Bose McKinney & Evans LLP served as legal advisor.
  • Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses.

Thomas H. Lee Partners Acquires Nextech Systems

Retrieved on: 
Wednesday, June 26, 2019
Data management, Technology, Finance, Surgery, Optical, Banking, General Health, Professional services, Software, Networks, Health, Finance, Money, Thomas H. Lee Partners, Thomas H. Lee, THL, Economy of the United States, Nextech, Thomas H. Lee Partners, L.P., Francisco Partners

Nextech Systems (the Company or Nextech), a leading provider of healthcare technology solutions for specialty physician practices, today announced that funds affiliated with Thomas H. Lee Partners, L.P. (THL), a premier private equity firm investing in middle-market growth companies, have acquired Nextech from Francisco Partners and its other stockholders.

Key Points: 
  • Nextech Systems (the Company or Nextech), a leading provider of healthcare technology solutions for specialty physician practices, today announced that funds affiliated with Thomas H. Lee Partners, L.P. (THL), a premier private equity firm investing in middle-market growth companies, have acquired Nextech from Francisco Partners and its other stockholders.
  • Founded in 1997 and headquartered in Tampa, Florida, Nextech is a complete healthcare technology solution for over 11,000 providers and 4,000 practices across a variety of core specialties.
  • Aeris Partners acted as financial advisor and Paul Hastings acted as legal advisor to Nextech and Francisco Partners.
  • Thomas H. Lee Partners, L.P. ("THL") is a premier private equity firm investing in growth companies headquartered in North America.

Genstar Capital Acquires Prometheus Group for Over $1 Billion

Retrieved on: 
Thursday, May 30, 2019
Genstar Capital, Genstar, Francisco Partners

SAN FRANCISCO, May 30, 2019 /PRNewswire/ -- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, announced today the acquisition of Prometheus Group from Francisco Partners for over $1 billion.

Key Points: 
  • SAN FRANCISCO, May 30, 2019 /PRNewswire/ -- Genstar Capital, a leading private equity firm focused on investments in targeted segments of the software, industrial technology, healthcare, and financial services industries, announced today the acquisition of Prometheus Group from Francisco Partners for over $1 billion.
  • Genstar Capital was advised by Irell & Manella LLP, Francisco Partners was advised by Paul Hastings, and Eric Huang was advised by Holland & Knight.
  • Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for over 30 years.
  • Genstar currently has approximately $17 billion of assets under management and targets investments focused on targeted segments of the software, industrial technology, healthcare, and financial services industries.

Perforce Software Announces Strategic Investment From Francisco Partners

Retrieved on: 
Tuesday, April 30, 2019
Git, Perforce, Francisco Partners

MINNEAPOLIS andSAN FRANCISCO and SANTA MONICA, Calif., April 30, 2019 /PRNewswire/ --Perforce Software ("Perforce" or the "Company"), a global provider of enterprise-grade development operations ("DevOps") software solutions, today announced a significant new equity investment from Francisco Partners, a global technology-focused private equity fund.

Key Points: 
  • MINNEAPOLIS andSAN FRANCISCO and SANTA MONICA, Calif., April 30, 2019 /PRNewswire/ --Perforce Software ("Perforce" or the "Company"), a global provider of enterprise-grade development operations ("DevOps") software solutions, today announced a significant new equity investment from Francisco Partners, a global technology-focused private equity fund.
  • With the investment, Francisco Partners will become an equal partner with affiliates of Clearlake Capital Group, L.P. ("Clearlake"), which initially invested in Perforce in late 2017.
  • With its extensive portfolio, Perforce helps global enterprises solve complex problems across the entire software development lifecycle.
  • "We are excited to welcome Francisco Partners, a firm with deep infrastructure software experience, as we continue to expand our global footprint and deliver pioneering products efficiently and effectively.

PayScale Announces Majority Growth Investment from Francisco Partners at an Enterprise Value of $325 Million

Retrieved on: 
Thursday, April 25, 2019
Technology, Data management, Software, Professional services, Finance, Human resources, Software, PayScale, Computing, Digital technology, Software as a service, Partner, Francisco Partners

PayScale, Inc. , the leading provider of SaaS-based compensation data, analytics and software, announced today a majority investment from Francisco Partners, a global technology-focused private equity fund.

Key Points: 
  • PayScale, Inc. , the leading provider of SaaS-based compensation data, analytics and software, announced today a majority investment from Francisco Partners, a global technology-focused private equity fund.
  • This investment will provide PayScale with a new financial partner to build upon the companys strong momentum and help continue to drive product innovation.
  • The future of PayScale is bright and we look forward to welcoming Francisco Partners into the shareholder base.
  • Peter Christodoulo, Partner at Francisco Partners, added, We are extremely excited to be partnering with PayScale as the company enters the next chapter of its growth story.

Redis Labs Raises $60 Million Series E Financing to Bring Instant Experiences Everywhere

Retrieved on: 
Tuesday, February 19, 2019
Data management, Computing, Redis Labs, Structured storage, Redis, Francisco Partners

MOUNTAIN VIEW, Calif., Feb. 19, 2019 /PRNewswire/ -- Redis Labs , the home of Redis and provider of Redis Enterprise , today announced it has raised $60 million in Series E financing led by a new investor, Francisco Partners , a leading global technology-focused private equity firm.

Key Points: 
  • MOUNTAIN VIEW, Calif., Feb. 19, 2019 /PRNewswire/ -- Redis Labs , the home of Redis and provider of Redis Enterprise , today announced it has raised $60 million in Series E financing led by a new investor, Francisco Partners , a leading global technology-focused private equity firm.
  • With this investment, Francisco Partners' Chief Investment Officer David Golob will join the Redis Labs Board of Directors and Operating Partner Eran Gorev will join as a boardobserver.
  • "The impact of the Redis platform is being experienced everywhere as enterprises look to modernize or build new applications," said Ofer Bengal, co-founder and CEO at Redis Labs.
  • With Redis Labs , organizations deliver instant experiences in a highly reliable and scalable manner.

Francisco Partners Acquires Qualcomm Life

Retrieved on: 
Monday, February 11, 2019
Fabless semiconductor companies, Economy of the United States, Companies, HSA Foundation, Qualcomm, Science and technology in the United States, Francisco Partners

SAN FRANCISCO and SAN DIEGO, Feb. 11, 2019 /PRNewswire/ --Francisco Partners ("FP"), a leading technology-focused private equity firm, today announced it has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care.

Key Points: 
  • SAN FRANCISCO and SAN DIEGO, Feb. 11, 2019 /PRNewswire/ --Francisco Partners ("FP"), a leading technology-focused private equity firm, today announced it has acquired Qualcomm Life, Inc. a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity across the continuum of care.
  • Qualcomm Life will be separated from Qualcomm, be renamed as Capsule Technologies, Inc. ("CapsuleTech"), and continue operating its two distinct business segments: Capsule (a leading provider of medical device connectivity solutions for hospitals) and 2net (a medical grade mobile connectivity platform).
  • "FP's acquisition will help Qualcomm Life (now CapsuleTech) continue to deliver market leading products and services to its world class customer base," said Rick Valencia, former President of Qualcomm Life, who will support CapsuleTech as an advisor in its transition to a standalone company.
  • Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses.