Francisco Partners to acquire Follett School Solutions from Follett Corporation.

Francisco Partners, an investment firm, agreed to acquire Follett School Solutions, a provider of software and content products, from Follett Corporation, a company that provides a variety of educational products to schools. Financial terms are not disclosed. "FSS has played a pivotal leadership role in the development of content and technology solutions for schools everywhere, and as a result of this transition to Francisco Partners, we expect the business to significantly expand its reach across education,” Todd Litzsinger, Follett Corporation CEO and Chairman of the Board.