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Dow Jones: Francisco Partners Invests More than $100M in Cloud Tech Company K2


Francisco Partners has invested more than $100 million in SourceCode Technology Holdings Inc ., also known as K2, a provider of business application platforms and services for running business apps.

As part of the deal, technology-focused private equity firm Francisco will receive two seats on the company's five-person board of directors, said Adriaan van Wyk, co-founder and chief executive of K2. 

Read the complete brief at Dow Jones.