Francisco Partners

We are proud to announce that GrowthCap has named Francisco Partners’ Jason Brein and Brian Decker to its 2024 Top Software Investors List. This marks Brian’s second consecutive year being recognized on this list.   Jason and Brian are critical members of FP’s leading software team and were selected by GrowthCap based on their investing experience and professional milestones, as well as feedback from colleagues and FP’s portfolio company CEOs.   Read more about Jason and Brian’s software expertise and the award here: https://lnkd.in/ejDn65zj

We are proud to announce that we have completed our carve-out acquisition of the Software Integrity Business assets from Synopsys Inc, a leading provider of trusted and comprehensive silicon to systems design solutions. Alongside Clearlake Capital Group, we have established the Software Integrity Group as Black Duck, a newly independent application security company providing a comprehensive portfolio of application security products and services. “We are excited to continue our partnership with the entire Black Duck management team as the company begins the next step of its journey as a standalone business,” said Brian Decker and Evan Daar, Partners at Francisco Partners. “Alongside Clearlake, we are excited to help extend the company’s leadership in the industry as a comprehensive next-generation application security testing provider. This next stage of growth will better serve its customers, while protecting their mission-critical software applications, and we are looking forward to bringing additional resources and expertise to keep accelerating its growth.” Read more about our investment here: https://lnkd.in/eQ9fT2ae

We are thrilled to be recognized by GrowthCap as a Top Private Equity Firm for the third consecutive year. GrowthCap acknowledged us as a leading technology-focused investment firm with a proven reputation for delivering exceptional returns through a distinctly flexible approach, deep domain knowledge and strong operational expertise. Since our founding 25 years ago, Francisco Partners has invested in more than 450 technology companies, making it one of the most active, successful and longstanding investors in the technology industry.   Learn more about today’s award win, here: https://lnkd.in/ejPCMaki

We are proud to announce the pending sale of QGenda a leader in healthcare workforce management solutions, supporting over 700,000 physicians and other healthcare providers across more than 45 different specialties. QGenda’s founder and CEO, Greg Benoit said, “Every technology founder should aim to partner with Francisco Partners. They are the gold standard, and I’m thrilled that I chose to partner with them 8 years ago. Ezra Perlman, Justin Chen and the whole FP team have been instrumental in providing strategic advice and guidance, supporting our acquisition efforts, and driving our mission to deliver transformative technology to healthcare providers. It is bittersweet that our journey with FP is ending, but we are excited about the future chapter of transformation and growth.” Today showcases FP’s deep expertise in the healthcare technology market and our extensive track record of successfully partnering with founders to help inflect and grow their businesses. To learn more about QGenda and today’s announcement, the full press release is linked here: https://lnkd.in/ervVCxPJ

We are deeply saddened to announce the passing of Sanford “Sandy” Robertson, our beloved co-founder. In addition to founding leading technology investment banks Robertson, Stephens & Company and Robertson, Coleman, Siebel & Weisel (later renamed Montgomery Securities), Sandy was an active technology investor and banker who advised many of the most well-known investment firms and companies, including AOL, Applied Materials, Chiron, Cypress Semiconductor, Dell, E*TRADE, Gilead Sciences, Pixar, Sun Microsystems and Salesforce.com along with many others. “Sandy lived a long and loving life, and the impact he has had on Silicon Valley and the growth of the technology industry in the world is impossible to quantify. The words ‘legend’ and ‘icon’ are often overutilized today, but Sandy was both,” said Dipanjan Deb, co-founder & CEO of Francisco Partners. “Sandy was far more than the industries he contributed to building and the illustrious company he kept. What stands out to me is not what he accomplished; rather, it was how he made people feel.” He was a true professional – treating everyone equally, and with respect and appreciation, and was a mentor and father figure to so many. Sandy will be greatly missed by all at Francisco Partners.

Today, we announced our investment in Orisha, a leading European vertical software company based in France. The partnership will allow Orisha to advance its growth journey, solidifying its industry leadership through ongoing organic growth, diversification, geographic expansion and strategic acquisitions, and help The Company realize its mission of offering high-quality, agile software solutions to customers. “We are big believers in the power of vertical software and hence fully aligned with Orisha’s mission and vision to build industry-specific solutions. Having tracked the company closely for years, we have been impressed by all that the Orisha team has accomplished, under the leadership of Jacques. Working in partnership with him and TA, we will seek to support Orisha’s next stage of growth by continuing to serve its loyal customer base and expanding thoughtfully into new segments,” said Quentin Lathuille, Principal, and Petri Oksanen, Partner and Co-Head of European Investing at Francisco Partners.   TA Associates, Orisha’s majority shareholder since 2021, will reinvest in the Company as a co-controlling shareholder alongside Francisco Partners and Orisha management. Read more about the deal here: https://lnkd.in/ewkhZ_Ds

Today, we announced our reinvestment in RedSail Technologies, a premier provider of pharmacy technology and solutions that Francisco Partners created by combining two separate divisional carve-outs in 2020, together with a strategic growth investment from Leonard Green & Partners (LGP). This investment will help advance RedSail’s mission of elevating the role of pharmacy and health of its communities by building the most clinically advanced and financially sustainable pharmacy network.   “We are proud of our partnership with RedSail over the past four years. The team has built an exceptional company with a differentiated culture and incredible track record of supporting their customers,” said Chris Adams, Partner at Francisco Partners. “We look forward to backing the company’s next stage of growth with the RedSail team and our new partners at LGP.” Read more about the deal here: https://lnkd.in/dpWbBbcZ

Today, we announced we have entered into a definitive agreement to acquire the Software Integrity Business assets from Synopsys Inc, a leading provider of trusted and comprehensive silicon to systems design solutions. With a total value of up to $2.1 billion, this joint investment alongside Clearlake Capital Group will establish the Software Integrity Group as an independent application security testing software provider. The new standalone company will provide integrated software solutions that transform the way development teams build and deliver software, accelerating innovation while addressing business risk and allowing organizations to build the security program that is best for them.   "We are excited to partner with Synopsys to complete the carve-out of its Software Integrity Group, a leading provider of application security testing solutions," said Dipanjan Deb, Co-Founder and CEO of Francisco Partners. "Francisco Partners has a long history of working with leading technology companies to carve-out divisions and business units that can benefit from greater focus and flexibility as standalone entities, and where our Francisco Partners Consulting operating team can bring resources and expertise to help accelerate growth.”   Read more about our investment here: https://lnkd.in/eEX6Xa5G

Yesterday, we announced we have entered into a definitive agreement to acquire Jama Software, an industry leading requirements management and traceability software solutions provider, from Insight Partners and Madrona Ventures for $1.2 billion. Our investment will empower the Company to further extend its leadership position in intelligent engineering management by helping customers improve their development processes to reduce defects, delays, cost overruns and recalls.       “The engineering management market is in the early stages of a fundamental transformation which Jama Software is at the forefront of. We are ecstatic to be partnering with Marc Osofsky and his team in continuing to execute on their industry-leading vision and strategy,” said Petri Oksanen and Mario Razzini, Partners at Francisco Partners. Read more about our investment and Jama Software here: https://lnkd.in/er7PHC8N

We are excited to announce that we have been recognized once again as a top performer in the 2023 HEC Paris - Dow Jones Large Buyout Performance Ranking. Francisco Partners is the only firm that has achieved a ranking in the top three for performance the last four consecutive years. “We are proud to be recognized by HEC-DowJones as one of the top-performing PE firms with a performance ranking that is 2.10 standard deviations above average,” said "DJ" Dipanjan Deb, Co-Founder and CEO of Francisco Partners. “We are also grateful to our portfolio company employees for helping us deliver these results, our limited partners for their continued support and our employees for their efforts. With our firm focused on continuous improvement, we will work tirelessly to continue to deliver strong returns for our investors.”   Read more about the ranking and FP’s recognition here: https://lnkd.in/gwZc8MGN