Emailvision Brings in Francisco Partners
New Financial Partner Provides Emailvision With Muscle to Accelerate Global Sales Expansion and Product Development
NEW YORK, August 2, 2010 /PRNewswire-FirstCall/ -- Francisco Partners, one of the world's leading technology funds, has joined Emailvision to support its international expansion and market leadership ambitions.
Francisco Partners is leading a consortium that already controls 86.7 per cent share in the company, which is the world's fastest growing email service provider (ESP).
The partnership will enable Emailvision to strengthen its presence in existing markets, as well as expand into new ones - making its offering truly global. It will support the company's ambition to reach over 10,000 clients worldwide over the next 3 years.
The fund will also help accelerate the development of Campaign Commander, Emailvision's pioneering software service for email marketing. Emailvision is now accelerating investments in talent and resources across all departments of the company.
CEO Nick Heys, General Manager Guy Porre, and the existing management team will continue to lead the company. Deep Shah and Neil Garfinkel from Francisco Partners will replace the outgoing Venture Capital and independent board members.
"We were impressed by the strong company culture and by Emailvision's powerful technology platform for email marketing," said Deep Shah, partner at Francisco Partners. "We look forward to working with the management team to further develop the technology and diversify the already impressive offering."
"We are pleased to announce this significant investment and reveal our plans for the future," said Nick Heys, CEO of Emailvision. "Our ambition has always been to become the worldwide market leader and the partnership with Francisco Partners will allow us to realise this goal much sooner. It will mean more technological advancements and features for our clients, increased investment in our talent base and the opportunity to diversify into new markets - taking the company from strength to strength."
Notes to Editors
About Emailvision (http://www.emailvision.com)
Emailvision is the international market and technology leader in software as a service (SaaS) for email marketing. The company provides a pioneering internet software service for companies to manage, deliver and automate their e-mail marketing programs. Emailvision services clients worldwide with a network of offices in the United States, the UK, France, Germany, Switzerland, Belgium, the Netherlands, Spain, Sweden, Finland and Italy.
About Francisco Partners
With nearly $5.0 billion of committed capital and offices in San Francisco and London, Francisco Partners is one of the world's largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies undergoing strategic, technological, and operational inflection points. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $2.0 billion. The principals of Francisco Partners have a proven track record, having invested approximately $4 billion of equity capital in over 50 technology companies. For additional information, visit http://www.franciscopartners.com.
For further press information and photography please contact: Emailvision Nick Heys, CEO Olivier Candau, CFO Tel: +33-1-41-27-27-17 [email protected] Bertrand Van Overschelde Managing Director Emailvision USA Tel: +1-212-257-6018
SOURCE EmailVision
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