Palo Alto – April 3, 2018 – Cooley advised Clearlake on its recent strategic investment in Diligent Corporation, a portfolio company of Insight Venture Partners. Partner Mehdi Khodadad led the Cooley team advising Clearlake on the transaction.
“At Diligent, we are relentlessly committed to delivering value to our clients through exceptional products and services,” said Brian Stafford, president and CEO of Diligent, in a news release. “Expanding our partnership to include Clearlake, a firm with deep software industry experience, will provide additional resources to fuel our growth through further expansion of our international footprint and our [enterprise governance management] software roadmap.”
Diligent, based in New York City, provides secure corporate governance and collaboration solutions for boards and senior executives. More than 12,000 clients rely on Diligent for secure distribution of board materials to secure messaging, integrated compliance, board evaluation and entity management.
Cooley has a longstanding relationship with Clearlake, advising the firm on various transactions and portfolio matters since 2011. In early February, Cooley advised Clearlake on its acquisitions of Perforce Software and ProVation Medical.
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