Francisco Partners

Assembly Line

Francisco Partners to Acquire Jama Software For $1.2B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Francisco Partners, Jama Software

Jama Software®, an industry leading requirements management and traceability solution provider, announced that Francisco Partners has entered into a definitive agreement to acquire the Company from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Marc Osofsky, Jama Software CEO, will personally reinvest and continue to lead the company.

Jama Software has rapidly become a market leader in Requirements Management & Traceability and leads the market in customer satisfaction ratings, NPS scores, SaaS scale, security and SOC2 compliance, usability, performance, breadth and depth of integrations, measured process improvement, benchmarking, NLP and more. Jama Software helps companies intelligently improve their development process to reduce defects, delays, cost overruns and recalls.

Read more at PR Newswire