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Francisco Partners Acquiring API Software

October 28, 2008
by root
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Francisco Partners II, L.P.

, a technology-focused private equity firm based in San Francisco, has agreed to purchase Hartford, Wis.-based

API Software, Inc.

, a provider of labor management solutions for healthcare.

The transaction is expected to close within approximately 30 days following the satisfaction of customary closing conditions, according to API Software. J.P. Fingado, a former executive with Cerner Corporation, will serve as president at CEO.

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