Posts filtered by tags: · Francisco Partners[x]


 

Paradigm, Parent To Three Practice Management Platforms, Acquired By Francisco Partners

A Reuters report valued the deal at $400 million, citing 'people familiar with the matter.'
Tags: Technology, Law, Reuters, Francisco Partners


Mansions for kids - Life after Google Plex - Citco's AWS journey

Welcome to Insider Finance. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android.On the agenda today:Wealthy baby boomers are using loans to buy their children homes and save on taxes.Banks that partnered with Google on its digital bank account describe what's next.Citco gave us an inside look at its massive migration to AWS.Let's get started. Wealthy parents are using cheap loans to buy their adult chil...
Tags: Google, Trends, Bloomberg, New York Times, SEC, Harry, Goldman Sachs, Reuters, Meghan, Francisco Partners, Matt Rourke, Citco, Taylor Hill WireImage Getty, INA FASSBENDER AFP, Jessie Casson Getty, Jordan Parker Erb


Francisco Partners to Back Software Firm Paradigm - Sources

By Krystal Hu(Reuters) - Private equity firm Francisco Partners has agreed to invest in legal software platform Paradigm in a deal that valued the...
Tags: Francisco Partners, Krystal Hu Reuters Private


Snowden: People Who Bankroll the Spyware Industry Should Be in Prison

Famed whistleblower Edward Snowden has a new blog on Substack and, naturally, he has some opinions about the recent NSO Group controversy: namely, that people who bankroll companies like it should see jail time. Read more...
Tags: Science, Snowden, Spyware, Edward Snowden, Pegasus, Espionage, Francisco Partners, Business Finance, NSO Group, Jamal Khashoggi, Novalpina Capital


Carlyle confirms acquisition of live video streaming company LiveU, sources tell us for over $400M

Following our report yesterday of an impending sale of LiveU — one of the big developers of live streaming hardware and software, used by some 3,000 major media organizations — today the company and its buyer Carlyle confirmed the deal. The seller is Francisco Partners, another PE firm that acquired LiveU just two years ago for $200 million. LiveU and Carlyle are not disclosing the terms of this latest sale, but well-placed sources tell us it’s for over $400 million. Carlyle noted that equity fo...
Tags: Startups, Europe, UK, Media, Israel, M&a, Tokyo, Francisco, Carlyle, Francisco Partners, Carlyle Europe Technology Partners, CETP, IGP Capital, Samuel Wasserman, LiveU, Garland Partners


Carlyle to acquire live broadcasting and streaming tech outfit LiveU for over $400M, say sources

Streaming is the name of the content game these days, and now one of the companies that builds tech to do this from anywhere in the world is getting acquired. LiveU — whose satellite/cellular hardware and software for capturing and delivering live streaming and broadcasting video is used by over 3,000 large media organizations — is going to be acquired by private equity firm Carlyle, multiple sources tell TechCrunch, for a value of over $400 million. LiveU is based in Israel, and the deal was b...
Tags: Europe, UK, Israel, Tel Aviv, Tech, Carlyle, YouTube Facebook, Francisco Partners, Israel Israel, MyHeritage, Jagex, Derek Chauvin, Avihai Michaeli, Garland Partners


Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B

It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion chunks. The first step was spinning out VMware as a separate company last month, a move expected to net close to $10 billion. The second, long expected, finally dropped last night when the company announced it was selling Boomi to a couple of private equity firms for $4 billion. Francisco Partners is joining forces with...
Tags: Startups, TC, Cloud, Enterprise, M&a, Private Equity, Mergers and Acquisitions, Dell, Francisco, Intégration, EMC, Vmware, Mulesoft, Francisco Partners, McNabb, TPG


Francisco Partners is acquiring MyHeritage, sources say for $600M

Genealogy tracking online is a big business, and today comes some M&A news for one of the bigger names in the field. TechCrunch has learned and confirmed that Israel’s MyHeritage.com — a profitable site that lets people test DNA and track their family lineage and has some 62 million users — is getting acquired by Francisco Partners, for a price that a source close to the deal tells us is $600 million. A spokesperson for MyHeritage confirmed the deal to TechCrunch over the phone but not the price...
Tags: TC, Europe, Israel, Tech, Francisco, Bessemer, SPAC, Francisco Partners, Gilad, MyHeritage, Gilad Japhet, Matt Spetzler, Spetzler, Gigi Levy, Accel Index, Tribal Quest


Local news app News Break raises $115M

The popular news app News Break is announcing that it has raised $115 million in new funding. The press release claims this round makes News Break “one of the first new unicorns of 2021,” but the company declined to disclose its actual valuation. Founder and CEO Jeff Zheng said that when he started the company in 2015, the goal was to differentiate itself from other news aggregation apps by focusing on local news, and to “help or empower these local content creators.” To be clear, you can find...
Tags: Startups, Mobile, Apps, Media, Tech, U S Capitol, Francisco Partners, Zheng, U S App Store, IDG Capital, Jeff Zheng, News Break


Daily Crunch: Under Armour is selling MyFitnessPal

Under Armour gives up on one of its big acquisitions, Uber Eats faces complaints over its free delivery policy for Black restaurants and Facebook takes another step to limit QAnon-related content. This is your Daily Crunch for October 30, 2020. The big story: Under Armour is selling MyFitnessPal Five years after Under Armour acquired MyFitnessPal for $475 million, it’s selling the diet- and exercise-tracking app to investment firm Francisco Partners for $345 million. It’s also shutting dow...
Tags: Apple, Google, TC, Facebook, Uber, India, New York City, Tech, Eu, Aol, Black, Daimler, Under Armour, Myfitnesspal, Armour, Francisco Partners


Under Armour to sell MyFitnessPal for $345 million, after acquiring it in 2015 for $475 million

Global fitness giant Under Armour announced this morning that it will be selling MyFitnessPal to investment firm Francisco Partners for $345 million, five and a half years after acquiring it for $475 million. The company also announced that it will be winding down the Endomondo platform which it also acquired at the same time for $85 million. In a press release announcing the news, Under Armour said the reason for this decision was to simplify and focus its brand, keeping it aimed at its “...
Tags: Apple, Health, TC, Apps, Tech, Software, M&a, Activity Trackers, Gamification, Apple Inc, Mobile Software, Apple News, Under Armour, Myfitnesspal, Armour, Francisco Partners


Under Armour sells fitness app it bought in 2015

Under Armour is set to sell the MyFitnessPal platform to Francisco Partners for about $345 million, the company announced Friday.
Tags: Armour, Francisco Partners


Francisco-Backed Sandvine Cancels Belarus Deal, Citing Abuses

Sandvine, the technology company backed by private equity firm Francisco Partners, canceled a deal with Belarus, saying the government used its technology to violate human rights. From a report: The company's technology, which is used to filter and manage internet networks, was used by a state-run internet agency in Belarus to block thousands of websites in the country amid nationwide protests over a disputed election, Bloomberg reported on Aug. 28. Sandvine said in a statement on Tuesday that a...
Tags: Tech, Bloomberg, Belarus, Sandvine, Francisco Partners


Sandvine Inc., the U.S. company whose technology helped Belarus block much of the internet during a disputed presidential election last month, promotes its wares with a stark selling point: it can be used to “blacklist” as many as 150 million websites. The private-equity-backed technology firm demonstrated its equipment to a government security team in Belarus in May, two people with knowledge of the matter said, and its marketing materials boast of the blacklisting capabilities, according to do...
Tags: Facebook, Ecommerce, Europe, Florida, California, Washington, Russia, Bloomberg, United Nations, Marco Rubio, Belarus, Illinois, University of Toronto, Privacy/security, Minsk, Parsons


Francisco Partners-owned Sandvine profits from shutdowns and oppression in Belarus

On the night of August 9, 2020, as news started to come in that the Belarus election results might have been fraudulent, citizen reports and technical evidence showed that authorities were deliberately cutting access to the internet. Access Now and the #KeepItOn coalition monitored and reported on the shutdowns. The shutdowns were also followed by extreme police violence and detentions of peaceful protesters. What we are learning now is that private, multinational companies played a direct role ...
Tags: Ecommerce, London, Congress, California, China, US, European Union, Turkey, Syria, Infrastructure, United States, Egypt, Un, Belarus, Silicon Valley, State Department


The Station: Amazoox, TuSimple seeks $250M and the next e-scooter battleground

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Remember please reach out and email me at [email protected] to share thoughts, ...
Tags: Apple, Amazon, Transportation, Lyft, Uber, Elon Musk, UK, California, Oregon, Saudi Arabia, China, New York City, Tech, Information, Tesla, Ars Technica


DriveU.auto, a LiveU spinout, comes out of stealth with $4M

Teleoperators who remotely monitor and control autonomous vehicles rely on high-performance connectivity to transfer 4K video, multiple audio streams and other data. Even a skosh of latency, jitter or packet loss could spell disaster for a teleoperator intervening to help an autonomous sidewalk delivery bot or even a robotaxi. One Israeli startup, which spun out of video transmission technology company LiveU, has developed a connectivity platform aimed at ending unpredictable network behavior...
Tags: Startups, TC, Transportation, Tech, Automotive, United States, Cto, Francisco Partners, Zohar Zisapel, Cognata, Europe Israel Japan, Recent Funding, DriveUauto, LiveU, Alon Podhurst, Podhurst


A private equity firm explains why it's spending $5 billion to acquire Veeam, a cloud software startup last valued at $1 billion

Private equity and investment firm Insight Partners is set to acquire data-management startup Veeam Software for $5 billion, one of its largest deal to date.  Insight Managing Director Michael Triplett cited Veeam's rapid sales and customer growth as a major factor in the decision to invest, telling Business Insider that "it would be difficult to find another software company that's accomplished all that in 12 years." As a part of the deal, the startup will now shift its headquarters from Swit...
Tags: Google, Europe, Microsoft, Africa, US, Trends, Middle East, Switzerland, Amazon Web Services, Idc, Cto, Business Insider, Allan, EMEA, Veeam, Vista Equity Partners


LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B

LogMeIn announced this morning that it has to affiliates of Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation. The purchase price comes out to $86.05 per share in an all-cash deal. The company had a 52-week high of $96.87 per share and a low of $62.02. The purchase price represents a 25% premium on the closing share price on September 18th, which the company reports was the day media reports began to leak that the comp...
Tags: Fundings & Exits, TC, Cloud, Tech, M&a, Private Equity, Mergers and Acquisitions, Evergreen, Francisco, Logmein, Crunchbase, Citrix, Wagner, Elliott Management, Jive Communications, UCC


Genstar buys Prometheus Group for more than $1 bln

Genstar Capital said May 30 that it bought Prometheus Group from Francisco Partners for over $1 billion. Eric Huang, CEO and founder of Prometheus, will remain a significant shareholder of the company. Prometheus, of Raleigh, North Carolina, provides plant maintenance operations and optimization software. PRESS RELEASE Genstar Capital Acquires Prometheus Group for Over $1 Billion Partnership with Management to Continue Strong Growth Trajectory ____________________________________________________...
Tags: San Francisco, Trends, Tech, Lazard, Eric, Raleigh NC, Francisco Partners, Paul Hastings, PE Deals, Genstar Capital, Genstar, Eric Huang, About Francisco Partners Francisco Partners, Genstar Capital Genstar Capital, Prometheus Group, Prometheus of Raleigh North Carolina


Francisco Partners and IGP Capital acquire LiveU

Francisco Partners and IGP Capital have acquired Hackensack, New Jersey-based LiveU, a provider of live IP video solutions. No financial terms were disclosed. Goldman Sachs was financial adviser to Francisco Partners on the deal. PRESS RELEASE HACKENSACK, N.J., May 28, 2019 /PRNewswire/ — LiveU, the leader in live IP video solutions, is pleased to announce that Francisco Partners, a global technology-focused private equity firm, together with co-investor IGP Capital, have acquired LiveU from its...
Tags: Trends, Tech, Goldman Sachs, Lightspeed Venture Partners, Hackensack New Jersey, Hackensack, Wasserman, Francisco Partners, IGP, PE Deals, Twitter Facebook YouTube LinkedIn, Assaf Harel, IGP Capital, Samuel Wasserman, Co Founder of LiveU, Francisco Partners LiveU


Meet the shadowy security firm from Israel whose technology is believed to be at the heart of the massive WhatsApp hack (FB)

A major security flaw in WhatsApp, a Facebook-owned messaging app used around the world, affects all 1.5 billion-plus users the Financial Times reported on Tuesday morning. The hack is reportedly as simple as receiving a WhatsApp phone call — even if you don't pick up the call. A record of the call can even be remotely erased, the report says. The WhatsApp exploit enables the sophisticated spyware "Pegasus" to be installed, a notoriously invasive software tool created by the NSO Group, a secre...
Tags: Amazon, Facebook, Washington Post, Mexico, Saudi Arabia, Israel, US, San Francisco, Trends, New York Times, Italy, United Arab Emirates, Pegasus, Privacy International, Jeff Bezos, Wall Street Journal


Francisco-backed Capsule Technologies buys Bernoulli Health

Capsule Technologies Inc, a Francisco Partners portfolio company, said April 30 that it acquired Bernoulli Health. Financial terms weren’t announced. Bernoulli, of Andover, Massachusetts, is a clinical surveillance solution that aims to give care teams contextual information on a patient’s condition. PRESS RELEASE Capsule Technologies Acquires Bernoulli Health ANDOVER, MA, April 30, 2019 – Capsule Technologies, Inc., a leader in medical device integration and non-critical care patient monitoring...
Tags: Trends, Healthcare, M&a, Francisco, Francisco Partners, Bernoulli, Andover Massachusetts, Bernoulli Health, Capsule Technologies Inc, Capsule Technologies, Bernoulli Health Financial, Kevin Phillips Capsule Technologies, Integrating Bernoulli Health, Bernoulli Health and Capsule Technologies, Janet Dillione, BERNOULLI HEALTH Bernoulli Health


Francisco Partners invests in Perforce Software

Francisco Partners has invested in Perforce Software. Financial terms weren’t announced. Francisco will become an equal partner with Clearlake Capital Group LP, which invested in Perforce in late 2017. Perforce, of Minneapolis, provides enterprise scale software solutions to technology developers and development operations. PRESS RELEASE PERFORCE SOFTWARE ANNOUNCES STRATEGIC INVESTMENT FROM FRANCISCO PARTNERS Francisco Partners and Clearlake to Become Equal Partners Additional Capital to Acceler...
Tags: Minneapolis, Trends, Tech, Francisco, Santa Monica, Mark, Francisco Partners, Clearlake, PE Deals, Clearlake Capital Group, Clearlake Capital Group LP, Credit Suisse Deutsche Bank, Clearlake Capital Group L P, Goldman Sachs Co LLC, NVIDIA Pixar Scania Ubisoft, Brian Decker Partner


Francisco Partners Buys Stake in PayScale, Exiting Warburg Pincus

PayScale, a Seattle-based compensation data company, announced Thursday it is selling a majority stake in the business to private equity fund Francisco Partners for an undisclosed amount of funding. The deal terms value PayScale at $325 million, the company says.People use PayScale to get an idea of how much particular professions and employers pay. The company seeks out salary information from companies through regular surveys, and uses internally developed algorithms to compare its data again...
Tags: Deals, Trends, Tech, Recruiting, Job Market, HR, Compensation, Private Equity, Salaries, Seattle, Warburg Pincus, Francisco Partners, Payscale, National blog main, Seattle blog main, Seattle top stories


Warburg Pincus to exit PayScale with sale to Francisco Partners

Francisco Partners said April 25 that it acquired a majority of PayScale Inc in a deal valued at $325 million. Warburg Pincus, the seller, is exiting. PayScale, of Seattle, provides compensation data, analytics and software. Raymond James & Associates Inc provided financial advice to PayScale, while Willkie Farr & Gallagher LLP acted as legal adviser. Kirkland & Ellis LLP acted as legal adviser to Francisco Partners. PRESS RELEASE PayScale Announces Majority Growth Investment from Francisco Part...
Tags: New York, Singapore, Trends, Financial Services, Seattle, Warburg Pincus, Wendy, Mike, San Francisco CA, Kirkland Ellis LLP, Francisco Partners, Payscale, PE Deals, About Warburg Pincus Warburg Pincus LLC, Amsterdam Beijing Hong Kong, About Francisco Partners Francisco Partners


The open-source startup Redis Labs has raised $60 million and is planning for an IPO as it takes a stand against Amazon Web Services (AMZN)

On Tuesday, Redis Labs announced it closed $60 million in series E financing. Redis Labs changed its license last year — a move that proved controversial among open-source developers — in response to Amazon taking Redis Labs' database software and selling it on its cloud. Despite the competition from Amazon, Redis Labs showed investors that it was able to grow quickly, and investors agreed with the licensing change, says Ofer Bengal, the company's cofounder and CEO. Redis Labs has been living...
Tags: Amazon, Trends, Amazon Web Services, Redis Labs, Bengal, Francisco Partners, Amazon Alibaba, Redis, Amazon Just, Rafael Torres, Ofer Bengal, Amazon Web Services AMZN, Amazon Redis Labs, AWS Still Bengal, Goldman Sachs Bain Capital Ventures Viola Ventures, Dell Technologies Capital We


Open source startup Redis Labs raises $60 million and starts planning for an IPO, as it takes a stand against Amazon Web Services (AMZN)

On Tuesday, Redis Labs announced it closed $60 million in Series E financing.  Last year, Redis Labs changed its license in response to Amazon taking Redis Labs' database software and selling it on its cloud — a move that proved controversial among open source developers. Despite the competition from Amazon, Redis Labs showed investors that it was able to grow quickly, and investors agreed with the licensing change, says Ofer Bengal, co-founder and CEO of Redis Labs. Redis Labs has been livi...
Tags: Apple, Amazon, Trends, Xiaomi, Amazon Web Services, Redis Labs, Bengal, Francisco Partners, Amazon Alibaba, Redis, Amazon Just, Rafael Torres, Ofer Bengal, Amazon Web Services AMZN, Amazon Redis Labs, Redis Labs Redis Labs


Redis Labs raises a $60M Series E round

Redis Labs, a startup that offers commercial services around the Redis in-memory data store (and which counts Redis creator and lead developer Salvatore Sanfilippo among its employees), today announced that it has raised a $60 million Series E funding round led by private equity firm Francisco Partners. The firm didn’t participate in any of Redis Labs’ previous rounds, but existing investors Goldman Sachs Private Capital Investing, Bain Capital Ventures, Viola Ventures and Dell Technologies C...
Tags: Tech, Redis Labs, Francisco Partners, Dell Technologies Capital, Ofer, Redis Enterprise, Ofer Bengal, Salvatore Sanfilippo, American Express Staples Microsoft Mastercard


Israeli spyware firm NSO Group 're-acquired' by founders

The Israeli software firm NSO Group made headlines for its mobile surveillance technology, which played a key role in assassinations in Mexico, among other nations. On Thursday, NSO Group announced it has been “re-acquired” by its founders. Security researchers found evidence NSO sold spyware to governments that are established human rights abusers. The company has been accused of creating tools that help bad regimes invade privacy, conduct abusive surveillance, and target political enemies...
Tags: Security, Post, News, Privacy, Mexico, Saudi Arabia, Israel, US, Spyware, Surveillance, Associated Press, Francisco, Francisco Partners, NSO, Citizen Lab, Picks