Francisco Partners, a global technology-focused private equity firm, acquired Vendavo, Inc., a Mountain View, Calif.-based provider of business-to-business (B2B) pricing solutions.
Upon finalization of the acquisition, Francisco Partners will have a controlling stake in the company and will expand sales and marketing while accelerating cloud development.
The amount of the transaction was not disclosed.
Led by Neil Lustig, CEO, Vendavo provides revenue and price optimization and management solutions for B2B mid-market and enterprise companies in industries such as chemicals and process industries, consumer packaged goods, wholesale distribution, energy and utilities, technology, industrial manufacturing, and medical devices and consumables. Using analytics and industry expertise, Vendavo has on-premises, hybrid, and software-as-a-service (SaaS) offerings available for different customer needs and requirements.
FinSMEs
13/10/2014