International Business Machines (IBM) has entered into an agreement to divest its weather business to private equity firm Francisco Partners, as disclosed by the technology services giant on Tuesday. The financial terms of the transaction remain undisclosed. This transaction encompasses The Weather Company’s consumer-centric assets, including Weather.com and Storm Radar, in addition to enterprise solutions…
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Francisco Partners to acquire Forcepoint from Raytheon Technologies
SAN FRANCISCO: Francisco Partners, a global investment firm, has signed a definitive agreement to acquire Forcepoint, a cybersecurity solutions provider, from Raytheon Technologies. “We have followed Forcepoint for years and have a deep appreciation for its outstanding portfolio of innovative security products,” said Brian Decker, Partner at Francisco Partners. “Security is an increasingly important strategic…
Francisco Partners completes sale of Metaswitch Networks to Microsoft
SAN FRANCISCO: Francisco Partners, a leading technology-focused global private equity firm, has completed the sale of Metaswitch Networks Limited to Microsoft, a news release said. Francisco Partners acquired a controlling interest in Metaswitch in 2008 in partnership with Sequoia Capital and the Company’s founding team and employees. Founded in 1981, Metaswitch is a leading developer…