{"id":478,"date":"2017-01-04T18:03:42","date_gmt":"2017-01-04T22:03:42","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=478"},"modified":"2017-01-04T18:03:42","modified_gmt":"2017-01-04T22:03:42","slug":"landesk-merges-with-heat-software-will-be-acquired-by-clearlake-capital","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/landesk-merges-with-heat-software-will-be-acquired-by-clearlake-capital\/","title":{"rendered":"LANDESK Acquired by Clearlake Capital for $1.1B, Merged with HEAT Software"},"content":{"rendered":"

\"landesk-office\"<\/p>\n

In what is the first major cybersecurity acquisition of the new year, venture capital firm Clearlake Capital Group, L.P., is buying cybersecurity vendor LANDESK Software from Thoma Bravo LLC, with plans to merge the company with HEAT Software.<\/p>\n

Financial terms of the transaction were undisclosed, but sources told the Wall Street Journal<\/a>\u00a0that LANDesk was purchased for more than $1.1 billion.\u00a0Morgan Stanley Senior Funding, Inc., Barclays, Jefferies, Golub Capital, Macquarie Capital, and Nomura have provided fully committed financing for this transaction, which is expected to close in January 2017.<\/p>\n

The new, unnamed company will be headed by current LANDESK CEO Steve Daly\u00a0and will generate yearly earnings of approximately $180 million, according to The Journal’s sources.<\/p>\n

The combined\u00a0company will integrate\u00a0by HEAT\u2019s Cloud-based Service Management (CSM) and Unified Endpoint Management (UEM) software solutions with LANDESK’s technology to build a cloud service that will enable management of both services and endpoint across the enterprise. The company should enter the cybersecurity market in a strong position,\u00a0with over 1,600 employees in 23 countries serving over 22,000 broadly diversified customers across industries and managing and securing more than 40 million endpoints.<\/p>\n

\u201cThis is an exciting day for LANDESK. We are thrilled to work with Clearlake in this next phase of our growth trajectory, as they bring significant endpoint security software domain expertise and cloud experience that will be critical to continue to build our platform organically and through acquisition,\u201d said Steve Daly, CEO of LANDESK. \u201cWe are grateful for the partnership with Thoma Bravo over the years and are excited about this new chapter of growth for our business, particularly the addition of HEAT to our platform. HEAT\u2019s products align well with our mission to help our customers build modern, user-centered IT organizations and will provide additional expertise and capabilities as we accelerate our investments in the cloud.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In what is the first major cybersecurity acquisition of the new year, venture capital firm Clearlake Capital Group, L.P., is buying cybersecurity vendor LANDESK Software from Thoma Bravo LLC, with plans to merge the company with HEAT Software. Financial terms of the transaction were undisclosed, but sources told the Wall Street Journal\u00a0that LANDesk was purchased […]<\/p>\n","protected":false},"author":24,"featured_media":148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[278,279,26,8,104],"acf":[],"yoast_head":"\nLANDESK to be Acquired by Clearlake Capital, Merged with HEAT Software<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/landesk-merges-with-heat-software-will-be-acquired-by-clearlake-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LANDESK to be Acquired by Clearlake Capital, Merged with HEAT Software\" \/>\n<meta property=\"og:description\" content=\"In what is the first major cybersecurity acquisition of the new year, venture capital firm Clearlake Capital Group, L.P., is buying cybersecurity vendor LANDESK Software from Thoma Bravo LLC, with plans to merge the company with HEAT Software. 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