Francisco Partners logo
has acquired a majority stake in
Prometheus Group logo
November 2016

Francisco Partners Has Acquired a Majority Stake in Prometheus Group
November 2016

Signal Hill is pleased to announce that its client Francisco Partners, a leading global technology-focused private equity firm, has acquired a majority stake in Prometheus Group, a leading provider of enterprise asset management and plant maintenance software solutions.

Prometheus Group's intuitive and highly configurable software enables unified enterprise asset optimization through an integrated approach to planning, scheduling, work management and business analytics across routine and preventative maintenance, shutdowns / turnarounds, and production scheduling. The company serves hundreds of blue-chip customers, including 70% of the top 10 companies globally in its core verticals.

The partnership with Francisco Partners fuels Prometheus' continued growth, helping to identify emerging technologies as well as complementary solutions to integrate into its market-leading platform. 

"We are excited to partner with Eric and the other members of the Prometheus management team and look forward to working closely with them to scale the business both organically and through acquisitions as they continue to build Prometheus into the dominant provider of operationally-focused software in their core verticals," said Petri Oksanen, Partner at Francisco Partners, who will join Prometheus' Board of Directors.

About Signal Hill

Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.