Leonard Green & Partners Makes Growth Investment in RedSail Technologies; Francisco Partners Reinvests

Francisco Partners Acquires Smith Technologies (rebranded as RedSail Technologies)

March 2, 2020

Software

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.

Francisco Partners and VSS Capital Partners Invest in GreenSlate

February 10, 2023

Cloud & SaaS

Francisco Partners led a strategic growth investment in GreenSlate, a cloud-based payroll and production accounting provider for the entertainment industry, with existing investor VSS Capital Partners reinvesting alongside GreenSlate management. The transaction closed in February 2023; financial terms were not disclosed. VSS realized a portion of its prior stake while continuing as a board participant to support the company’s next phase of product innovation and growth.

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.

Newlight Partners Makes Equity Investment in Sail Internet

November 1, 2020

Telecommunications

Affiliates of Newlight Partners LP have made an undisclosed equity investment in Sail Internet, a San Francisco Bay Area fiber- and wireless-based high-speed internet provider. The capital will support Sail’s network expansion across the Bay Area and enable growth through organic initiatives and potential strategic acquisitions; existing investors including Ulu Ventures, Engineering Capital and Better Ventures are maintaining their stakes.

Francisco Partners Makes Growth Investment in GAINSystems

July 27, 2020

Cloud & SaaS

GAINSystems, a provider of supply chain planning and inventory optimization software, received a growth investment from Francisco Partners — the company’s first institutional capital. GAINSystems CEO Bill Benton and the management team retain a controlling ownership stake as the company scales product and go-to-market efforts.

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.