Global investment firm Francisco Partners has bought secure data erasure and mobile lifecycle solutions company Blancco Technology for £175 million.
Blancco, was founded 26 years ago and has 2,500 customers across 70 countries. The acqusiiton of its shares means it is no longer listed on the London stock market. Blancco products allow organisations to protect end-of-life data against unauthorized access and comply with increased data protection and privacy requirements.
“We are pleased to partner with Francisco Partners, who are committed to continuing to build upon the company’s strong foundation and achieve its full potential. I want to thank each employee for their dedication to Blancco and contributing to our continued success.”said Blancco CEO Matt Jones.
Brian Decker, Partner at Francisco Partners, and Karl Shum, Principal at Francisco Partners stated:
“We have been very impressed with the leading market position that Blancco has established through its best-in-class solutions and are thrilled to partner with Blancco’s management team to drive the next phase of expansion.
Ravi Bhatt, Vice President at Francisco Partners added “Sustainability and e-waste reduction are increasing strategic priorities for customers of all sizes globally, and we see tremendous organic and inorganic growth opportunities for Blancco worldwide”.
Blancco’s data erasure processes are certified by governing and industry bodies around the world. It has more than 35 patented or patent-pending ideas,
Francisco Partners specialises in partnering with technology and technology businesses. Since its launch nearly 25 years ago, Francisco Partners has invested in more than 400 technology companies and raised around $45 billion in capita. The firm says it invests in opportunities “where its sectoral knowledge and operational expertise can help companies realize their full potential”.
