HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, today announced that Michael Grossi has been named Chief Executive Officer, effective immediately. Grossi has more than 25 years of experience in technology sectors, including mobile, telecom, and IT, with unique expertise in driving emerging and transformative growth strategies for leading global companies.

“Michael is a proven business leader with a distinguished track record of building innovative companies,” said Adam Solomon, Principal at Francisco Partners. “His extensive experience in driving growth and his laser focus on operational excellence will be tremendous assets for HealthcareSource, and we are delighted to have him leading HealthcareSource through our next chapter.”

“Under Michael’s leadership, HealthcareSource will continue its legacy of delivering innovative, client-centric solutions for healthcare talent management,” said Ezra Perlman, Co-President, Francisco Partners. “The Board is excited to have Michael leading HealthcareSource as we continue to expand our successful market position in healthcare.”

Prior to joining HealthcareSource, Grossi was the CEO of Ipswitch, a software company that produces and sells file transfer and network management software for IT professionals. Healthcare was one of the company’s largest vertical segments.

“I am fortunate to be joining HealthcareSource at such an exciting time,” Grossi said. “HealthcareSource has developed an unparalleled reputation as the only full-suite talent management vendor solely focused on healthcare with products and services spanning the entire continuum of care. I am grateful for the opportunity to help the company expand its reach and achieve new milestones.”

Prior to Ipswitch, Grossi was Executive Vice President and Chief Revenue Officer at Xura, as well as Senior Vice President of Strategy and Corporate Development at American Tower Corporation. He was also a founder and senior executive at Helio, a leading mobile virtual network operator (MVNO) acquired by Sprint, and a partner at Altman Vilandrie & Co. and Adventis, where he worked on corporate strategy initiatives for Samsung, Disney, AT&T, and ESPN.

Grossi was Captain in the United States Air Force, where he oversaw a number of technology defense programs in the Intelligence Command. He has a Bachelor’s degree from Villanova University and a Master’s degree from Bentley University.

About HealthcareSource

HealthcareSource® is the only comprehensive talent management suite designed specifically to support the healthcare talent ecosystem. Our software, services, content, and analytics enable more than 3,500 healthcare organizations, senior care providers, and staffing agencies, spanning over 6,000 locations, to ensure quality patient and client care by recruiting, retaining, and developing quality talent. HealthcareSource and its award-winning healthcare talent management solutions have been recognized by industry analysts and trade groups.

About Francisco Partners

Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has raised over $14 billion in committed capital and invested in more than 275 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit: http://www.franciscopartners.com.