Francisco Partners acquires the Bulgarian Dynamo Software

The US private equity firm Francisco Partners will acquire the Bulgarian IT company Dynamo Software, Capital daily reported. The price of the deal is USD 50m, USD 10m of which are for the current employees of the company. Dynamo software is a provider of configurable, cloud-based investment management software for the alternative asset investment industry. The company was founded in 1998, with headquarters in Watertown, US while the development team is situated in Bulgaria. The Bulgarian company had BGN 5.8m revenue and BGN 1.6m net income in 2016 and US-based Dynamo Software Inc. had USD 6.4m revenue in 2016.