Francisco's Portfolio Company API Acquires Concerro
February 10, 2012
Francisco Partners-backed API Healthcare, a provider of workforce management technology to the healthcare industry, has acquired Concerro, a provider of SaaS staffing and scheduling systems for healthcare. Previously venture-backed Concerro will merge with API, expanding API's market and complementing its SaaS solutions. API, which was acquired by Francisco in November 2008, was advised by Wells Fargo Securities on the recent transaction.