Clearlake and Blackstone Invest in Diligent Corporation

Diligent Acquires Galvanize to Build Largest GRC SaaS Platform

February 24, 2021

Cloud & SaaS

Diligent Corporation has acquired Galvanize, a Vancouver-based provider of cloud governance, risk and compliance (GRC) software, in a deal reported at roughly $1 billion. The acquisition, together with Diligent's planned purchase of Steele Compliance, creates an integrated GRC offering that brings risk, compliance and audit insights into the boardroom and expands Diligent's capabilities and market reach.

Diligent Corporation Acquires Steele Compliance Solutions

February 25, 2021

Cloud & SaaS

Diligent Corporation has signed an agreement to acquire Steele Compliance Solutions, a global leader in ethics and compliance SaaS, to extend Diligent's modern governance platform with Steele’s ethics and compliance capabilities. Financial terms were not disclosed; the deal was announced February 25, 2021 and was expected to close in early March.

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.

Clearlake Capital and Francisco Partners Invest in BeyondTrust

August 17, 2021

Cybersecurity

Clearlake Capital has made a significant equity investment in BeyondTrust, joining existing investor Francisco Partners as institutional shareholders. The capital will support BeyondTrust’s continued investment in cloud products, innovation, recurring revenue growth and its targeted acquisition strategy.

Diligent Acquires Vault to Expand AI-Powered Ethics & Compliance Capabilities

May 22, 2025

Cloud & SaaS

Diligent has acquired Vault, an AI-driven ethics and Speak Up platform, and will integrate Vault’s technology into its GRC SaaS offering to enhance multilingual reporting, investigation workflows, and proactive risk detection. The acquisition broadens Diligent’s AI-enabled governance, risk and compliance capabilities for global enterprise customers and builds on its recent strategic purchases in the ethics and compliance space.

GTCR Invests in Clear Capital

July 9, 2025

Data & Analytics

Chicago-based private equity firm GTCR has made a majority investment in Clear Capital, a Reno, Nevada–headquartered real estate analytics, valuation technology and data solutions provider; Clear Capital's co-founder and CEO Duane Andrews retains a substantial equity stake. GTCR will partner with management to expand Clear Capital's valuation and data offerings, invest in technology and accelerate M&A activity, including integration of its CubiCasa digital floor-plan product. Financial and legal advisors to the deal included Wells Fargo, Houlihan Lokey and Simpson Thacher & Bartlett for GTCR, and American Discovery Capital and O'Melveny & Myers for Clear Capital.