Francisco Partners has acquired Vendavo Inc. for an undisclosed amount.
Vendavo, headquartered in Mountain View, California, provides revenue and price optimization services for business-to-business mid-market companies. The company's software aims to help salespeople in the consumer goods, distribution, manufacturing, technology and medical device industries close deals faster.
The company has $15 million in venture capital backing from Mesirow Financial, InterWest Partner, Split Rock Partners, DCM and Sigma Partners.
San Francisco-based Francisco Partners is a private equity firm that has raised about $7 billion in capital and invested in more than 100 technology companies.
Golub Capital acted as lead arranger, sole bookrunner and administrative agent for a senior credit facility to support the deal. For more on Golub's lending efforts, see Finance Finesse: Golub Grows Lending Unit.
Other recent software transactions include Siris Capital Group's acquisition of Digital River (Nasdaq: DRIV) and Vista Equity Partners' acquisition of Tibco Software Inc.
For more on private equity interest in software companies, see Plugging into Software.