Palo Alto – January 12, 2017 – Cooley is advising private equity firm Clearlake Capital on its acquisition of LANDESK from Thoma Bravo. Cooley is also advising Clearlake and its portfolio company, HEAT Software, on the proposed combination of LANDESK with HEAT Software and related transactions.
The combined company – which will operate under a new corporate name to be announced at a later date – will be led by LANDESK CEO Steve Daly. John Ferron, a Clearlake operating advisor and the current CEO of HEAT, will serve as executive chairman of the company's board of directors. Cooley will serve as outside corporate counsel to the combined business after closing.
LANDESK’s leadership in providing software to simplify IT complexity is further strengthened by HEAT’s Cloud-based Service Management (CSM) and Unified Endpoint Management (UEM) software solutions. HEAT delivers flexible, scalable and secure CSM, UEM and endpoint security solutions, along with a robust, global and rapidly growing SaaS platform that is complementary to LANDESK’s product portfolio. The combination will provide additional geographic reach and vertical depth, and will enable the combined company to better serve IT organizations with solutions to manage and secure end user environments.
The transaction is expected to close in January 2017. The combined company will have a strong market position, with 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.
Cooley has a longstanding relationship with Clearlake, advising the firm on various transactions and portfolio matters since 2011.
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