Clearlake Capital and Francisco Partners Invest in BeyondTrust

Francisco Partners Invests in Perforce Software, Joining Clearlake as Equal Partner

July 8, 2019

Software

Perforce Software received a significant new equity investment from Francisco Partners, which will become an equal partner with affiliates of Clearlake Capital; Perforce's management also participated in the transaction. The capital will support Perforce's buy-and-build growth strategy to expand its DevOps platform, accelerate M&A activity and extend its global footprint; terms were not disclosed.

Clearlake Capital Completes Acquisition of Quest Software from Francisco Partners

February 2, 2022

Cybersecurity

Clearlake Capital Group completed its acquisition of Quest Software from Francisco Partners, making Clearlake the majority shareholder and partnering with Quest’s existing management team to pursue a buy-and-build strategy. The investment aims to accelerate Quest’s cloud/SaaS adoption, expand its identity-centric cybersecurity, data intelligence, and IT operations management offerings, and drive growth organically and through M&A.

Clearlake Capital Makes Strategic Equity Investment in RSA Security

March 16, 2021

Cybersecurity

Clearlake Capital completed a strategic equity investment in RSA Security LLC, becoming an equal partner with Symphony Technology Group while Ontario Teachers' remains a significant minority shareholder. The investment provides growth capital to accelerate RSA's product innovation and inorganic growth across its cybersecurity, GRC, identity, and fraud-prevention offerings.

Vista Equity Partners Invests in BetterCloud

June 9, 2022

Cloud & SaaS

Vista Equity Partners made a strategic growth investment in BetterCloud, the SaaS management platform provider, to accelerate product innovation, geographic expansion, and go-to-market growth. Existing investors including Accel, Bain Capital Ventures and Warburg Pincus will remain as minority stakeholders.

Motive Partners & Clearlake Acquire Majority Stake in InvestCloud

February 2, 2021

Cloud & SaaS

Funds advised by Motive Partners and Clearlake Capital acquired an 80% stake in InvestCloud and combined it with Motive portfolio companies Finantix and Tegra118 to create a global, next-generation SaaS wealth solutions platform. Co-investors in the transaction included Accenture, Citi Ventures and Fiserv; the combined InvestCloud Group will target global wealth managers, private banks and asset managers with an integrated cloud-native offering.

Clearlake and Blackstone Invest in Diligent Corporation

August 5, 2020

Cloud & SaaS

Diligent Corporation, a provider of governance, risk and compliance (GRC) SaaS solutions, received an increased investment from Clearlake Capital and a new investment from funds managed by Blackstone Tactical Opportunities. The capital will support Diligent's continued product development, international expansion and customer adoption; terms were not disclosed.