Connecture, Inc. Announces $52 Million Investment Led By Francisco Partners
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Connecture (CNXR) Misses Q4 EPS by 7c; Enters Agreement for $52M Investment
March 14, 2016 4:13 PM EDTConnecture (NASDAQ: CNXR) reported Q4 EPS of $0.19, $0.07 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $29.1 million versus the consensus estimate of $30.32 million.
The company also announced that it has executed a definitive agreement for a $52 million investment to strengthen its financial profile through reduced leverage and accelerate its growth opportunities. The investment will be led by Francisco Partners, a leading global private equity firm. The transaction, which is subject to customary closing conditions, including approval by the Companys shareholders, also includes an investment from existing shareholder Chrysalis... More
