Francisco Partners Completes Acquisition of FrontRange Solutions (email this article)

DUBLIN, CA (January 11, 2006) FrontRange Solutions Inc. (Company Profile, Past Stories, Case Studies), a global leader in service management, CRM, and voice application solutions for the small-to-medium-enterprise (SME) and distributed enterprise markets, announced today that the Francisco Partners has completed the acquisition of FrontRange's outstanding shares effective December 23, 2005. In November 2005, FrontRange Solutions announced that Francisco Partners, one of the world's largest technology-focused private equity funds, had agreed to acquire all of its outstanding shares. As a result of the acquisition by Francisco Partners, FrontRange has been delisted and is no longer traded on the Johannesburg Stock Exchange.

"I am very proud of what we have accomplished, and believe that in this coming year we have the potential to enjoy even more success," said Michael McCloskey, CEO of FrontRange Solutions.

"Our teams made tremendous progress across all of our key functional areas including increasing sales and profitability every quarter for eight quarters in a row, introducing key new products like IT Service Management and IP Contact Center, improving our support and customer satisfaction measurements and opening several new international offices including Russia and China. We also hired over 100 new employees, making it possible to significantly increase marketing initiatives, and enhance our Professional Services capability."

"We are pleased to have completed the acquisition of FrontRange, and look forward to helping the company achieve its goals for 2006 and beyond", said Neil Garfinkel, a partner at Francisco Partners.

Summarizing, McCloskey reiterated that the investment by Francisco Partners will enable FrontRange Solutions to continue pursuing an aggressive growth strategy and reaffirms commitment to providing FrontRange customers and partners with market leading products and superior service and support. "We have all put a tremendous amount of effort into FrontRange, and together built an outstanding company. We ended 2005 on a great note, and I look forward to an even better 2006."

About FrontRange Solutions
FrontRange Solutions develops award-winning software and solutions used by more than 130,000 companies and over 1.2 million users worldwide to manage a wide variety of business relationships and provide exceptional service. FrontRange product families, designed specifically for small-to-medium-enterprise (SME) and distributed enterprise organizations include: GoldMine® for Customer Relationship Management (CRM); IT Service Management with HEAT® and ITIL® standards-based modules for complete service management; Communication Management including IP Office, GoldMine IP Voice Suite and IP Contact Center for reduced telephony costs and increased agent productivity, streamlined customer service and communications; and Infrastructure Management, which provides the ability to optimize the full lifecycle of a company's assets. Customers representing 44 percent of the Fortune 100 and 76 percent of the FTSE 100, include Coca-Cola, Shell Oil, Prudential Securities, Électricité de France, Mack Trucks, Campbell Soup, Avaya, Bechtel Corp, Bank of America, and Turner News Network. For more information, call (800) 776-7889 or visit www.frontrange.com.

About Francisco Partners
With $2.5 billion of committed capital, Francisco Partners is one of the world's largest technology-focused private equity funds. The firm was founded to pursue structured investments in technology companies undergoing strategic, technological, and operational inflection points. Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $2.0 billion. The principals of Francisco Partners have a proven track record, having invested in excess of $3.0 billion of equity capital in over 50 technology companies. For additional information, visit www.franciscopartners.com.

GoldMine, HEAT and other FrontRange Solutions products, brands and trademarks are property of FrontRange Solutions USA Inc. and/or its affiliates in the United States and/or other countries. Other products, brands and trademarks are property of their respective owners/companies.