Francisco Partners told Bloomberg it no longer owns Sandvine, which it bought in 2017 in a US$444-million deal. Sandvine has also carried out mass layoffs that may affect hundreds of workers internationally, Bloomberg’s sources said. The network-monitoring software firm did not immediately respond to The Logic’s request for comment. (Bloomberg)
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Francisco Partners told Bloomberg it no longer owns Sandvine, which it bought in 2017 in a US$444-million deal. Sandvine has also carried out mass layoffs that may affect hundreds of workers internationally, Bloomberg’s sources said. The network-monitoring software firm did not immediately respond to The Logic’s request for comment. (Bloomberg)
Talking point: Sandvine came under fire earlier this year when the U.S. Commerce Department blacklisted it for providing “mass web-monitoring and censorship” technology to the Egyptian government. Several large tech companies, including Microsoft, Zoom and Salesforce, subsequently cut ties with the firm. Sandvine has not confirmed a change in ownership. The company has reportedly been in talks with its lenders to address about US$450 million in debt that comes due next year.
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