Connecture, Inc. agrees to be acquired by Francisco Partners

Connecture, Inc., a provider of web-based information systems used to create health insurance marketplaces, agrees to be acquired by Francisco Partners. Under the terms of the agreement, entities affiliated with Francisco Partners have agreed to pay $0.35 per share for each share of Connecture common stock not held by Connecture’s existing preferred investors. “This transaction comes after a transformational year for our company and we look forward to the next phase,” remarked Jeff Surges, President and CEO of Connecture.