Francisco Partners, a private equity firm, agreed to acquire Jama Software, a requirements management and traceability solution provider, from private equity firms Insight Partners and Madrona Ventures, for $1.2bn. "We are thrilled to work with Francisco Partners and leverage their expertise as we further accelerate our rapid expansion across enterprises, industries and continents. We thank Insight Partners, who have been tremendous supporters of Jama Software's growth over the past six years," Marc Osofsky, Jama Software CEO.