On May 12, 2023, Francisco Partners completed its $1.7 billion acquisition of Cross Creek portfolio company, Sumo Logic, the SaaS analytics platform focusing on security, operations, and BI use cases.

Sumo Logic provides log management and analytics services that use machine-generated big data. The Sumo Logic Continuous Intelligence Platform™ helps practitioners and developers ensure application reliability, secure, and protect against modern security threats, and gain insights into their cloud infrastructures. Customers around the world rely on Sumo Logic to get powerful real-time analytics and insights across observability and security solutions for their cloud-native applications.

Cross Creek made its initial investment in Sumo Logic in mid-2017, ultimately holding a position in the company in three of our funds. We congratulate the Sumo Logic team and wish them the very best under their new ownership.