Shearman & Sterling represented Francisco Partners in its sale of AdvancedMD Software, Inc. to Automatic Data Processing, Inc. (ADP). Terms of the transaction were not disclosed.

ADP, with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. AdvancedMD provides market-leading medical billing software, which includes cloud-based electronic health records software (EHR) and practice management software (PM), delivered to more than 10,000 providers and 300 medical billing service providers nationwide. Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses.

Principal M&A attorneys involved in this transaction include partner Michael Kennedy (San Francisco-Mergers & Acquisitions), counsel Dana Kromm (San Francisco-Mergers & Acquisitions) and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions) and Christine Huang (San Francisco-Mergers & Acquisitions). Other attorneys on this transaction include partners Larry Crouch (Menlo Park-Tax), Tina Patel (Menlo Park-Intellectual Property Transactions), Beau Buffier (New York-Antitrust/Competition) and Doreen Lilienfeld (New York-Executive Compensaton & Employee Benefits), counsel Sharon Lippett (New York-Executive Compensation & Employee Benefits) and associates Kelly Karapetyan (New York-Antitrust/Competition), Mark Gelman (New York-Executive Compensation & Employee Benefits), Dan Stellenberg (Menlo Park-Executive Compensation & Employee Benefits), Eileen O’Pray (Menlo Park-Tax) and Vittorio Cottafavi (New York-Antitrust/Competition).