Francisco Partners, a global investment firm that specializes in partnering with technology businesses, this week announced the completion of the all-cash acquisition of Blancco Technology Group for £175 million (about C$300 million). As a result of the completion of the transaction, Blancco has ceased trading and is no longer listed on the London stock market.
With over 2,500 customers served across 70 countries, Blancco specializes in secure data erasure and mobile lifecycle offerings. The company’s products allow organizations to protect end-of-life data against unauthorized access, safely redeploy data storage assets, and comply with increased data protection and privacy requirements.
“Since its founding 26 years ago, Blancco has created and delivered innovative solutions, with a focus on building a world class data eraser and diagnostic software platform,” said Matt Jones, chief executive officer (CEO) of Blancco. “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.”