Jama Software, a leading provider of software solutions facilitating the development of complex technology products, has been acquired by private equity firm Francisco Partners for a staggering $1.2 billion. The acquisition marks a significant milestone in Portland’s technology landscape, echoing the magnitude of past landmark deals such as Viewpoint Construction Software’s $1.2 billion sale in 2018. Founded in 2006, Jama Software played a pivotal role in establishing Portland as a hub for software startups, although the city’s tech entrepreneurship has seen a decline in recent years, with many companies either merging with larger entities or relocating their executive teams out of state.
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