Jama Software – a leading requirements management and traceability solution company – announced that private equity firm Francisco Partners agreed to acquire the company from shareholders, including Insight Partners and Madrona Ventures, for $1.2 billion. Jama Software CEO Marc Osofsky will personally reinvest and continue to lead the company.
Jama Software is a market leader in Requirements Management and traceability and leads the market in customer satisfaction ratings, SaaS scale, security and SOC2 compliance, usability/performance, depth of integrations, measured process improvement, benchmarking, NLP, etc. Jama Software also helps organizations improve their development processes to reduce defects, delays, cost overruns and recalls.
The investment from Francisco Partners is subject to customary closing conditions. And Evercore acted as the exclusive financial advisor to Jama Software and Insight Partners and Willkie Farr & Gallagher LLP acted as legal advisor. And J.P. Morgan Securities LLC acted as financial advisor to Francisco Partners and Paul Hastings LLP acted as legal advisor.
KEY QUOTE:
“We’re delighted to have collaborated closely with Marc and the Jama Software team as they’ve navigated significant growth and emerged as a market leader. As Jama Software embarks on their exciting new chapter of expansion and innovation, this acquisition by Francisco Partners reflects Jama Software’s success and the company’s ability to consistently deliver exceptional value to customers worldwide.”
- Richard Wells, Managing Director at Insight Partners
KEY QUOTES:
“We are thrilled to work with Francisco Partners and leverage their expertise as we further accelerate our rapid expansion across enterprises, industries and continents. We thank Insight Partners, who have been tremendous supporters of Jama Software’s growth over the past six years.”
- Marc Osofsky, CEO, Jama Software
“The engineering management market is in the early stages of a fundamental transformation which Jama Software is at the forefront of. We are ecstatic to be partnering with Marc and his team in continuing to execute on their industry-leading vision and strategy”
- Petri Oksanen and Mario Razzini, Partners at Francisco Partners
