FrontRange Solutions Inc., the maker of GoldMine CRM and HEAT help desk applications, will be acquired by a private equity firm.
Francisco Partners, a Menlo Park, Calif.-based equity firm focused on technology, has agreed to acquire all of the shares of Pleasanton, Calif.-based FrontRange for approximately $200 million. The deal requires regulatory and shareholder approval and is expected to close in about 90 days.
"This investment by Francisco Partners will enable FrontRange Solutions to continue to pursue our aggressive growth strategy," Michael McCloskey, CEO, said in a statement. "We are committed to providing our customers and partners with market-leading products and superior service and support. This investment further strengthens that commitment." further strengthens that commitment."