Francisco Partners Acquires Smith Technologies (rebranded as RedSail Technologies)
March 2, 2020
Francisco Partners has signed a definitive agreement to acquire Smith Technologies, a wholly owned subsidiary of J M Smith Corporation; the company will be rebranded as RedSail Technologies. Terms were not disclosed; Francisco Partners says the investment will provide capital to accelerate growth, expand market share and geographic footprint as an independent business. Kraig McEwen will join as CEO and the company will continue to operate its QS/1, Integra and PUBLIQ product families from its Spartanburg, South Carolina headquarters.
- Buyers
- Francisco Partners
- Targets
- Smith Technologies (rebranded as RedSail Technologies)
- Sellers
- J M Smith Corporation
- Industry
- Software
- Location
- South Carolina, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Leonard Green & Partners and Francisco Partners Make Strategic Growth Investment in RedSail Technologies
June 13, 2024
Healthcare Services
RedSail Technologies, a pharmacy technology and solutions provider, announced a strategic growth investment from Leonard Green & Partners (LGP). Francisco Partners (FP)—which created RedSail in 2020 via divisional carve-outs—will also reinvest alongside management, with the transaction subject to regulatory approvals.
-
RedSail Technologies Acquires PrimeRx (TA Associates Sale)
February 12, 2026
Healthcare Services
RedSail Technologies acquired PrimeRx, a provider of pharmacy management solutions, as an affiliate and will integrate PrimeRx’s offerings with RedSail’s pharmacy software and value-added services. TA Associates successfully sold PrimeRx to RedSail; financial terms were not disclosed.
-
Francisco Partners to Acquire Jama Software for $1.2 Billion
March 18, 2024
Software
Jama Software, a requirements management and traceability software provider, has entered into a definitive agreement to be acquired by Francisco Partners for $1.2 billion. The deal is subject to customary closing conditions, and Jama CEO Marc Osofsky will reinvest and continue to lead the company.
-
RedSail Technologies Acquires RxMile
November 20, 2025
Cloud & SaaS
RedSail Technologies has acquired RxMile, a delivery management platform built for independent pharmacies, to expand its pharmacy delivery and patient-centered technology capabilities. The acquisition integrates RxMile's HIPAA-compliant delivery routing, real-time tracking, and communications features into RedSail's portfolio to help its network of pharmacies improve delivery operations and patient service.
-
Mainsail Partners Invests $51M in Red Oak Compliance Solutions
June 29, 2023
Cloud & SaaS
Mainsail Partners made a $51 million growth equity investment in Red Oak Compliance Solutions to accelerate product development, enhance its software suite, and scale customer service. Red Oak is a provider of compliance and advertising review SaaS for financial services and insurance firms, serving over 1,800 firms globally.
-
Francisco Partners Makes Significant Growth Investment in Veson Nautical
March 17, 2022
Cloud & SaaS
Francisco Partners has entered a definitive agreement to make a significant equity investment in Veson Nautical alongside existing investor Pamlico Capital and co-founder John Veson. The growth capital will help Veson accelerate product innovation, organic growth and pursue a targeted acquisition strategy in the maritime freight software market.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.