{"id":5413,"date":"2024-03-21T08:00:00","date_gmt":"2024-03-21T07:00:00","guid":{"rendered":"http:\/\/www.se-trends.de\/?p=5413"},"modified":"2025-07-29T09:28:01","modified_gmt":"2025-07-29T07:28:01","slug":"jama-software-sold-for-usd-12-billion","status":"publish","type":"post","link":"https:\/\/www.se-trends.de\/en\/jama-software-fuer-12-milliarden-usd-verkauft\/","title":{"rendered":"Jama Software sold for USD 1.2 billion"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Jama Software is the manufacturer of a tool for requirements management. As I worked for the company for almost four years, I am naturally very interested in this development. Who was Jama sold to and what does the acquisition mean for systems engineering? That's what we're talking about today.<\/p>\n\n\n<style>.wp-block-kadence-column.kb-section-dir-horizontal > .kt-inside-inner-col > .kt-info-box5413_fc8d17-99 .kt-blocks-info-box-link-wrap{max-width:unset;}.kt-info-box5413_fc8d17-99 .kt-blocks-info-box-link-wrap{border-top-left-radius:5px;border-top-right-radius:5px;border-bottom-right-radius:5px;border-bottom-left-radius:5px;background:var(--global-palette2, #2B6CB0);padding-top:var(--global-kb-spacing-xs, 1rem);padding-right:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-xs, 1rem);}.kt-info-box5413_fc8d17-99 .kadence-info-box-icon-container .kt-info-svg-icon, .kt-info-box5413_fc8d17-99 .kt-info-svg-icon-flip, .kt-info-box5413_fc8d17-99 .kt-blocks-info-box-number{font-size:101px;}.kt-info-box5413_fc8d17-99 .kt-blocks-info-box-media{color:var(--global-palette9, #ffffff);border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:0px;margin-right:20px;margin-bottom:0px;margin-left:0px;}.kt-info-box5413_fc8d17-99 .kt-infobox-textcontent h2.kt-blocks-info-box-title{color:var(--global-palette1, #3182CE);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;}.kt-info-box5413_fc8d17-99 .kt-blocks-info-box-link-wrap:hover h2.kt-blocks-info-box-title{color:var(--global-palette9, #ffffff);}.kt-info-box5413_fc8d17-99 .kt-infobox-textcontent .kt-blocks-info-box-text{color:var(--global-palette9, #ffffff);}.wp-block-kadence-infobox.kt-info-box5413_fc8d17-99 .kt-blocks-info-box-text{font-size:var(--global-kb-font-size-md, 1.25rem);}.kt-info-box5413_fc8d17-99 .kt-blocks-info-box-learnmore{color:var(--global-palette9, #ffffff);background:var(--global-palette1, #3182CE);border-radius:160px;font-weight:300;border-width:0px 0px 0px 0px;padding-top:4px;padding-right:8px;padding-bottom:4px;padding-left:8px;margin-top:10px;margin-right:0px;margin-bottom:10px;margin-left:0px;}<\/style>\n<div class=\"wp-block-kadence-infobox kt-info-box5413_fc8d17-99\"><a class=\"kt-blocks-info-box-link-wrap info-box-link kt-blocks-info-box-media-align-left kt-info-halign-left\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/meetings-eu1.hubspot.com\/meetings\/michael-jastram\"><div class=\"kt-blocks-info-box-media-container\"><div class=\"kt-blocks-info-box-media kt-info-media-animate-none\"><div class=\"kadence-info-box-icon-container kt-info-icon-animate-none\"><div class=\"kadence-info-box-icon-inner-container\"><span class=\"kb-svg-icon-wrap kb-svg-icon-fas_chalkboard-teacher kt-info-svg-icon\"><svg viewbox=\"0 0 640 512\"  fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"  aria-hidden=\"true\"><path d=\"M208 352c-2.39 0-4.78.35-7.06 1.09C187.98 357.3 174.35 360 160 360c-14.35 0-27.98-2.7-40.95-6.91-2.28-.74-4.66-1.09-7.05-1.09C49.94 352-.33 402.48 0 464.62.14 490.88 21.73 512 48 512h224c26.27 0 47.86-21.12 48-47.38.33-62.14-49.94-112.62-112-112.62zm-48-32c53.02 0 96-42.98 96-96s-42.98-96-96-96-96 42.98-96 96 42.98 96 96 96zM592 0H208c-26.47 0-48 22.25-48 49.59V96c23.42 0 45.1 6.78 64 17.8V64h352v288h-64v-64H384v64h-76.24c19.1 16.69 33.12 38.73 39.69 64H592c26.47 0 48-22.25 48-49.59V49.59C640 22.25 618.47 0 592 0z\"\/><\/svg><\/span><\/div><\/div><\/div><\/div><div class=\"kt-infobox-textcontent\"><h2 class=\"kt-blocks-info-box-title\">Do you want to use Jama more efficiently?<\/h2><p class=\"kt-blocks-info-box-text\">Michael has extensive experience in methodically integrating Jama and significantly accelerating its development.<\/p><div class=\"kt-blocks-info-box-learnmore-wrap\"><span class=\"kt-blocks-info-box-learnmore\"><strong>Make an appointment<\/strong><\/span><\/div><\/div><\/a><\/div>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\">From holding company to holding company<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Jama was sold to <a href=\"https:\/\/www.franciscopartners.com\/media\/francisco-partners-to-acquire-jama-software-for-12b\" target=\"_blank\" rel=\"noreferrer noopener\">Francisco Partners<\/a>a private investment company that focuses on investments in technology and technology-based service companies. This distinguishes <a href=\"http:\/\/www.se-trends.de\/en\/day\/acquisition\/\">This acquisition differs significantly from those I have reported on over the years<\/a>. Many acquisitions were of a strategic nature, where a tool for one aspect of product development was added to the portfolio of a larger company such as PTC, IBM, Siemens or Dassault.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is noteworthy that the seller (at least the largest shareholder) is also an investment company, namely <a href=\"https:\/\/www.insightpartners.com\/portfolio\/jama-software\" target=\"_blank\" rel=\"noreferrer noopener\">Insight Partners<\/a>which <a href=\"https:\/\/www.insightpartners.com\/ideas\/jama-software-receives-200-million-to-accelerate-predictive-product-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">had invested USD 200 million in Jama in 2018<\/a>which was effectively an acquisition. <\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-systems-engineering-trends wp-block-embed-systems-engineering-trends\"><div class=\"wp-block-embed__wrapper\">\nhttp:\/\/www.se-trends.de\/ptc-kauft-intland\/\n<\/div><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-systems-engineering-trends wp-block-embed-systems-engineering-trends\"><div class=\"wp-block-embed__wrapper\">\nhttp:\/\/www.se-trends.de\/renesas-kauft-altium-kauft-valispace\/\n<\/div><\/figure>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Jama since 2018 Acquisition<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">At least roughly speaking, the value of Jama has increased six-fold in six years since its acquisition by insight Ventures. Unfortunately, the key business figures are not public, i.e. turnover, <a href=\"https:\/\/de.wikipedia.org\/wiki\/Annual_Recurring_Revenue\" target=\"_blank\" rel=\"noreferrer noopener\">ARR<\/a> and the like. However, Jama has regularly released new features and improvements. The picture that emerges is more evolutionary than revolutionary. I therefore assume that sales figures must have risen dramatically over the past six years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is a summary of the main news over the last six years:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Requirement quality<\/strong>An optional extension evaluates the quality of requirements with Natural Language Processing (NLP).<\/li>\n\n\n\n<li><strong>Integration:<\/strong> New integration options with Jama Connect Interchange.<\/li>\n\n\n\n<li><strong>Risk and hazard analysis:<\/strong> Features such as Preliminary Hazard Analysis (PHA) and Failure Mode and Effects Analysis (FMEA) with a focus on standards such as ISO 14971 and IEC 60812.<\/li>\n\n\n\n<li><strong>Creation of requirements:<\/strong> Jama has finally introduced a \"real\" document mode that allows editing in context.<\/li>\n\n\n\n<li><strong>Reuse and baseline management:<\/strong> The existing functionality has been expanded.<\/li>\n\n\n\n<li><strong>Test management:<\/strong> The visibility of test results in connection with requirements for a better context has been increased.<\/li>\n\n\n\n<li><strong>Review Center:<\/strong> Several improvements have been introduced here, particularly with regard to the review of test plans.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why another holding company?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The sale to another holding company shows that there is currently no interested or suitable company that could afford Jama. Until the time when <a href=\"http:\/\/www.se-trends.de\/en\/ptc-buys-intland\/\">PTC intland (Codebeamer) had purchased<\/a>I would have tipped PTC as an interested buyer. IBM (DOORS Next) and Siemens (Polarion) were out of the question, as both companies already have more than one requirements management tool in their portfolio (\"Classic\" DOORS and Teamcenter Requirements).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another interested portfolio company might have been Dassault. Also a tech company like Microsoft that <a href=\"http:\/\/www.se-trends.de\/en\/the-success-of-copilot-how-github-and-openai-work-together\/\">in product development in recent years<\/a> would have been a candidate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, as we can now see, the price of Jama was simply too high for many portfolio companies to justify a strategic acquisition. The situation is different for a holding company, as part of Insight Partners' business model is to sell companies profitably after a few years. The situation is certainly similar at Franciso Partners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Synergies in the portfolio - Perforce?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Another possibility is, of course, that Francisco wants to exploit explicit synergies in its own portfolio, i.e. it could merge several portfolio companies. While browsing through the rather extensive portfolio, I came across <a href=\"https:\/\/www.perforce.com\" target=\"_blank\" rel=\"noreferrer noopener\">Perforce<\/a>which I had already used in 2001.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, Perforce already has a solution for requirements management, namely <a href=\"https:\/\/www.perforce.com\/products\/helix-alm\" target=\"_blank\" rel=\"noreferrer noopener\">Helix ALM<\/a>. Although this is surprising, the product is, as the name suggests, positioned for ALM. Nevertheless, Helix supports requirements management, traceability and many other features in this area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, IBM, PTC, Siemens and Atlassian also have redundancies in their portfolios. So that is not an exclusion criterion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">I am pleased that Jama has now been sold for an impressive price. Even though I am surprised that the buyer is a holding company, it shows that Jama wants to play in a different league. I am curious to see what the future will bring.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">Image:&nbsp;<a href=\"https:\/\/www.flickr.com\/photos\/stinkiepinkie_infinity\/2658569216\" target=\"_blank\" rel=\"noreferrer noopener\">Flickr \/ Hypnotica Studios Infinite<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Francisco Partners buys Jama Software for USD 1.2 billion. Jama is sold by Insight Partners and other investors.<\/p>","protected":false},"author":1,"featured_media":5420,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[110,136],"tags":[260,100,747,749,746,244,748],"class_list":["post-5413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anforderungen","category-werkzeuge","tag-akquisition","tag-anforderungen","tag-francisco-partners","tag-helix-alm","tag-insight-partners","tag-jama","tag-perforce"],"_links":{"self":[{"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/posts\/5413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/comments?post=5413"}],"version-history":[{"count":0,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/posts\/5413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/media\/5420"}],"wp:attachment":[{"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/media?parent=5413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/categories?post=5413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.se-trends.de\/en\/wp-json\/wp\/v2\/tags?post=5413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}