Francisco Partners Makes Strategic Growth Investment in QGenda
Press Releases — Jun 01, 2016
QGenda, the leading provider of cloud-based automated physician scheduling solutions, today announced a substantial investment from Francisco Partners, a global technology-focused private equity firm. The funding will support the next phase of QGenda’s growth in partnership with the company’s current leadership team.
“We’re excited to benefit from the resources and expertise offered by this investment from Francisco Partners,” said Greg Benoit, founder and CEO of QGenda. “Our primary focus will remain on providing unmatched service to our customers as we continue to strengthen and enhance our solutions.”
Nearly one hundred thousand healthcare providers in over thirty medical specialties utilize QGenda’s software to manage their schedules. The company serves practice groups, hospitals, academic medical centers, and health systems throughout the United States and in six additional countries.
“We feel there is tremendous growth in store for QGenda, especially among enterprise customers, and see a great opportunity to apply our experience in healthcare technology to help the company reach its full potential,” said Ezra Perlman, Co-President at Francisco Partners. “Our partnership with QGenda will build on what the team has already achieved to date.”
Francisco Partners employs a broad network of professionals experienced in advising the most accomplished healthcare IT companies across the globe.
Financial terms of the transaction were not disclosed. QGenda was advised by Raymond James & Associates, Jenner & Block, and Morris, Manning and Martin LLP. Kirkland & Ellis LLP served as legal advisors to Francisco Partners.
QGenda is the leading provider of automated healthcare workforce management software. Since its launch in 2006, QGenda has grown to serve more than 1,200 customers in over 30 medical specialties across 5,000 hospitals. The subscription-based automated scheduling software is used by practice groups, hospitals, academic medical centers, and enterprise health systems to build optimal schedules for clinicians and medical staff to provide the best possible care. QGenda is headquartered in Atlanta, GA. For more information, please visit www.qgenda.com.
About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 15 years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than 150 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm's deep sectoral knowledge and operational expertise can help companies realize their full potential.