Francisco Partners, a leading technology-focused growth equity firm, has completed its acquisition of Smith Technologies, a leader in pharmacy technology and public sector software, from J M Smith Corporation. The investment by Francisco Partners will help the company accelerate its growth strategy as an independent entity. Terms of the transaction were not disclosed. As it embarks on a new chapter as a standalone business, the company will be rebranded as RedSail Technologies™. Under this new name, the company will continue to build upon decades of market leadership and will also continue to offer the same solutions under its three core product brands: QS/1®, Integra®, and PUBLIQ®.
Read the full article: Smith Technologies Completes Acquisition by Francisco Partners and Rebrands as RedSail Technologies //
Source: https://www.businesswire.com/news/home/20200401005511/en/Smith-Technologies-Completes-Acquisition-Francisco-Partners-Rebrands