The firm has raised more than $24 billion and invested in more than 300 technology companies during its more than 20-year history, per the announcement. Francisco Partners will operate MyFitnessPal, which has more than 200 million users worldwide, as a standalone company.Under Armour plans to continue operating MapMyFitness, whose GPS tracking apps include MapMyRun and MapMyRide, and its connected footwear business. MyFitnessPal and Endomondo are currently part of Under Armour's connected fitness segment, which also operates the MapMyFitness platform to track running and workouts.The sportswear brand also plans to stop operating its Endomondo social fitness network operations at the end of this year. Under Armour agreed to sell the MyFitnessPal platform to venture capital firm Francisco Partners for $345 million in a deal expected to close during the current quarter, per an announcement.
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