Francisco Partners buys SmartBear Software

Francisco Partners has acquired a majority stake in SmartBear Software. Financial terms weren’t announced. Insight Venture Partners invested in SmartBear in 2007. SmartBear, of Boston, provides software quality tools for teams. SmartBear Software was advised by Evercore and Willkie Farr & Gallagher LLP. Francisco Partners was advised by Paul Hastings LLP.

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