Connecture: Connecture, Inc. Completes Take-Private Acquisition by Francisco Partners

BROOKFIELD, Wis., April 26, 2018 (GLOBE NEWSWIRE) -- Connecture, Inc., a provider of web-based information systems used to create health insurance marketplaces, today announced the completion of the acquisition by affiliates of Francisco Partners, a leading technology-focused private equity firm. The transaction was approved by Connecture's Board of Directors and a shareholder majority, marking a new era for Connecture as it officially becomes a privately-held company."This is a transformative new chapter for our organization," said Connecture President and CEO Jeff Surges. "Ultimately, it will allow us to have greater mobility to execute on our vision of becoming the clear choice for shopping, quoting and enrollment technology for the U.S. health insurance market. The flexibility provided as a private company, coupled with Francisco Partners' substantive experience growing technology organizations, positions us to continue to build on our market leadership, nurture our client relationships and capture new business ...Full story available on Benzinga.com