Thursday, April 23, 2015

Procera Acquired By Francisco Partners For $240M

Fremont-based Procera Networks said yesterday that it has agreed to be acquired by San Francisco-based private equity firm Francisco Partners Management. The deal is worth approximately $240M in cash. The companies said Francisco Partners will pay $11.50 per share in cash for Procera, which is listed publicly on the NASDAQ as PKT. Procera said the deal came out of an extensive process to review strategic alternatives to the company.