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Francisco Partners has made good profit in the year 2020


By MYBRANDBOOK


Francisco Partners has made good profit in the year 2020

Francisco Partners, a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. It has raised more than $24 billion in committed capital and invested in more than 300 technology companies, making it one of the most active and long-standing investors in the technology industry.

 

It has invested a huge sum in various companies related to the emerging technologies into various domains ,but not restrict to any one field and very recently they have done very interesting acquisitions including, Ingram Content Group® (“Ingram”) announced it has signed a definitive agreement to sell VitalSource Technologies LLC to Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses.

 

VitalSource® is a leading education technology solutions provider committed to helping partners create, deliver, and distribute affordable and impactful learning experiences worldwide. VitalSource’s products and technologies, including the leading learning platform, Bookshelf, are used by 16 million learners in more than 240 countries.

 

On 31st march, Francisco has signed a definitive agreement to acquire BARBRI Inc. (“BARBRI”) from Leeds Equity Partners, LLC, (“Leeds Equity”). Terms of the transaction were not announced.

 

BARBRI is the market leader in technology-enabled legal education, offering a comprehensive product suite across the complete legal education lifecycle. For decades, BARBRI has helped tens of thousands of test takers each year prepare for and pass the Bar exam. More recently, BARBRI has leveraged its technology platform to develop test preparation offerings in the UK with the SQE, in professional education with Paralegal and eDiscovery certification, and in legal education with pre-law bootcamps and online JD courseware.

 

The tech-focused buyout Francisco Partners group was crowned top performer in the 2020 HEC-Dow Jones Private Equity Performance Ranking. Francisco Partners climbed up from the 16th position in 2019, overhauling three-years-in-a-row-winner, Thoma Bravo, which came in 6th. The annual ranking, created by Oliver Gottschalg and now sponsored by asset management consultancy MJ Hudson, analysed the performance of buyout funds raised between 2007 and 2016, drawing on data provided by Preqin and directly from firms.

 

The study calculates the aggregate performance of a private equity firm, taking into account different vintage years, and relative and absolute returns. Data from 529 private equity firms and 977 funds were analysed with an aggregate equity volume of $1.4tn. There are couple of good investments into cloud,security and cyber security portfolio,

 

In the month of January 2021 , it has closed on the previously announced acquisition of Forcepoint from Raytheon Technologies. Forcepoint is a leading provider of cybersecurity solutions that protects the critical data and networks of thousands of customers throughout the world.

 

Cybersecurity has never been more important for businesses and governments around the world. As we continue to see broad-scale global attacks, the cybersecurity industry needs to evolve to deliver security capabilities to match those of today’s sophisticated threat actors. The company said in the statement.

 

COVID-19 has exposed massive vulnerabilities with outdated, hardware-based cybersecurity solutions and accelerated the timeline of moving away from the old method of securing physical office perimeters. Implementing modern architecture that provides network security in the cloud is the best way to ensure safety and productivity, even as remote workers rely more and more on fast connections for things like video meetings and online productivity apps.

 

The investment into, iboss, the leader in cloud delivered network security, announces it has raised $145 million in new funding. The financing will be used to support the company’s rapid growth as organizations increasingly recognize iboss as the leading provider of cutting-edge network security through the cloud.

 

The new funding comes as the COVID-19 pandemic has accelerated the ongoing shift to cloud-based cybersecurity providers. As organizations of all sizes continue to rely more on distributed and dispersed workforces, they need cybersecurity solutions that follow the user - regardless of where they are located or what device they are using - with the same security procedures and protection that they would have in the office.

 

The unique, cloud-native iboss platform constantly defends organizations from cyberattacks by screening and securing all internet traffic in the cloud, regardless of device or location.

 

Francisco acquired MyHeritage for roughly about $ 600M, the company is into Genealogy tracking online is a big business, and today comes some M&A news for one of the bigger names in the field and a leading global service for discovering your past and empowering your future, announced today that Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has signed a definitive agreement to acquire the company. The financial terms of the transaction were not disclosed.

 

MyHeritage has invested heavily in developing technologies designed to help users make breakthrough discoveries in their family history research. The company amassed an extensive database of 13 billion historical records, including exclusive collections from many countries. The platform's many features include world-class tools for colorizing and enhancing historical photos that are based on artificial intelligence.

 

Earlier, in the year 2017, Francisco partners (FP) had completed a $2 billion debt refinancing for Seahawk Holdings, the parent company that holds both SonicWall and Quest.

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