Blackstone Growth Makes Strategic Growth Investment in Dynamo Software; Francisco Partners Reinvests

seriesOne Acquires Dynamo Development

March 13, 2019

Software

seriesOne Inc. acquired Dynamo Development, a Ukraine-based custom software development team of roughly 40 engineers, to bring development capabilities in-house and accelerate product delivery. Dmitry Grinberg, former CEO of Dynamo Development, joins seriesOne as Global Head of Technology as the company aims to strengthen its fintech engineering capabilities and support expansion into Europe and Asia.

Dynamo Software Acquires Imagineer Technology Group

September 10, 2020

Cloud & SaaS

Dynamo Software, majority-owned by Francisco Partners, has acquired Imagineer Technology Group to expand its cloud software offering for the alternative investment industry. The deal adds Imagineer's Clienteer and WebVision products to Dynamo's platform, increasing its customer base to more than 1,000 clients and further solidifying its position with hedge funds and other alternative asset managers; terms were not disclosed.

Dynamo Software Acquires Smonik Systems

July 26, 2022

Software

Dynamo Software has acquired Smonik Systems, a provider of data management and reconciliation software, to enhance Dynamo’s data automation capabilities for the alternative investment industry. The acquisition integrates Smonik’s automated data collection, extraction, validation, and reconciliation tools into Dynamo’s cloud platform; Dynamo is backed by Blackstone and Francisco Partners.

Blackstone to Acquire Majority Stake in Priority Software

May 16, 2024

Software

Blackstone Growth has entered into a definitive agreement to acquire a majority stake in Priority Software, a Tel Aviv–based provider of cloud ERP and vertical business applications. Existing investors TA Associates and Fortissimo Capital will roll part of their stakes as Blackstone supports Priority's continued expansion across industries, markets and geographies.

Francisco Partners Makes Strategic Growth Investment in Drawbridge

September 1, 2022

Cybersecurity

Francisco Partners has made a strategic growth investment in Drawbridge, a cybersecurity software provider focused on the alternative investment industry. Existing investor Long Ridge and Drawbridge's leadership team remain significant equity holders; the capital will be used to accelerate product development and expand Drawbridge's market reach. The transaction closed on September 1 with terms undisclosed.

Blackstone Invests in Renaissance Learning

November 9, 2021

Education

Private equity funds managed by Blackstone will make a significant equity investment in Renaissance, the pre-K–12 edtech leader, alongside existing investors including Francisco Partners and TPG’s The Rise Fund. The capital will be used to accelerate organic growth, product innovation, and support Renaissance’s ongoing acquisition strategy while Francisco Partners remains a major shareholder.