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 Makes Growth Investment in RedSail Technologies; Francisco Partners Reinvests
June 13, 2024
Cloud & SaaS
Leonard Green & Partners has made a strategic growth investment in RedSail Technologies, a provider of pharmacy management software and data services, with Francisco Partners reinvesting alongside RedSail management. The capital will be used to accelerate product development, expand the customer base, and advance RedSail's pharmacy and data platform across the pharmacy ecosystem.
-
RedSail Technologies Acquires PrimeRx from TA Associates
February 12, 2026
Healthcare Services
RedSail Technologies has acquired PrimeRx, a provider of pharmacy management software, from TA Associates. The deal will integrate PrimeRx into RedSail's family of pharmacy-focused solutions to expand product capabilities and scale services for pharmacies; financial terms were not disclosed.
-
Francisco Partners Acquires Jama Software for $1.2B
March 18, 2024
Cloud & SaaS
Francisco Partners has entered into a definitive agreement to acquire Jama Software from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Jama CEO Marc Osofsky will reinvest and remain CEO as Francisco Partners partners with the company to accelerate expansion across enterprises, industries and geographies; the transaction is subject to customary closing conditions.
-
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.