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M&A Deal Summary

Francisco Partners Acquires Quorum Software

On March 4, 2025, private equity firm Francisco Partners acquired software company Quorum Software from Thoma Bravo

Acquisition Highlights
  • This is Francisco Partners’ 52nd transaction in the Software sector.
  • This is Francisco Partners’ 131st transaction in the United States.
  • This is Francisco Partners’ 10th transaction in Texas.

M&A Deal Summary
Date 2025-03-04
Target Quorum Software
Sector Software
Buyer(s) Francisco Partners
Sellers(s) Thoma Bravo
Deal Type Secondary Buyout
Advisor(s) Citi (Financial)

Target

Quorum Software

Houston, Texas, United States
Quorum Software is a portfolio of finance, operations, and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. Quorum Software was founded in 1998 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.

DEAL STATS #
Overall 157 of 157
Sector (Software) 52 of 52
Type (Secondary Buyout) 27 of 27
State (Texas) 10 of 10
Country (United States) 131 of 131
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-10 Edifecs

Bellevue, Washington, United States

Edifecs is a provider of data interoperability software solutions in the U.S. healthcare market. Edifecs provides data interoperability software connecting payors, providers and government agencies. The company provides mission-critical software to its customers’ core business processes, with a strong value proposition in reducing administrative cost, workflow automation, ensuring compliance and achieving proper reimbursement from government agencies. Edifecs was founded in 1996 and is based in Bellevue, Washington.

Sell -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 81 of 81
Sector (Software) 34 of 34
Type (Secondary Buyout) 24 of 24
State (Texas) 13 of 13
Country (United States) 75 of 75
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-13 SailPoint

Austin, Texas, United States

SailPoint provides independent identity and access management (IAM) solutions to securely and effectively deliver and manage user access from various devices to data and applications residing in the datacenter, on mobile devices, and in the cloud for organizations worldwide. SailPoint was founded in 2004 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-17 PCMI

Park Ridge, Illinois, United States

PCMI offers a modular package of software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. PCMI’s SaaS platform, Policy Claim, and Reporting Solutions, supports and automates the full lifecycle of all aftermarket products and provides the most flexible environment for administrators, insurers, OEMs, agents, and dealers to launch new products. PCMI was founded in 2012 and is based in Park Ridge, Illinois.

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