With the support of major investors, Ivanti consolidates its leadership in IT automation by accelerating its M&A strategies
Ivanti Inc., the automation platform that helps make every IT connection smarter and more secure, announced that Charlesbank Capital Partners has entered into a definitive strategic investment agreement in the company. Charlesbank, a leading private equity firm with more than $8 billion in capital under management, will join existing investors Clearlake Capital Group and TA Associates as an institutional shareholder of Ivanti. Terms of the settlement were not made public.
Ivanti offers solutions that automate security operations, enabling customers to discover, manage, protect and service IT infrastructure from cloud environments to edge devices. Ivanti software, used by more than 40,000 customers across industries and five continents, has a portfolio of products that enables administrators to discover IT assets on-premises, in the cloud and at the edge, reducing risk through automation and the use of the right information.
In the last six months, Ivanti has acquired MobileIron and Pulse Secure, strengthening its Unified Endpoint Management (UEM) and Zero Trust Security (ZTS) solutions and announced the ongoing acquisition of Cherwell Software, consolidating its IT Service Management (ITSM) and workflow management offerings. Recent acquisitions and the investment by Charlesbank contribute to increasing Ivanti's product portfolio, scalability and leadership in the IT sector. The company will continue to be managed by Jim Schaper, CEO e Chairman the Ivanty and the current management team.
“Thanks to the partnership with Clearlake and TA, Ivanti has further expanded the business, increased turnover and consolidated relationships with customers,” he says Jim Schaper. "We are thrilled to welcome Charlesbank, an organization that shares our values and commitment to customers. The collaboration between Clearlake, TA and now Charlesbank, complemented by strategic acquisitions, gives us everything we need to grow our business."
“Through its excellent positioning, Ivanti offers solutions for the digital transformation of businesses,” they underline Hiren Mankodi and Ryan Carroll, Managing Director of Charlesbank. "We have been impressed by Ivanti's proven leadership and multiple strategic initiatives. We stand ready to partner with Clearlake, TA and Ivanti to help the company achieve its goals."
Behdad Eghbali, Founder e Managing Partner e Prashant Mehrotra, Partner di Clearlake, they add: “From our initial investment and with the approach O.P.S.®, Ivanti significantly increased its turnover, expanded its portfolio of solutions and consolidated its positioning in the market. The entry of Charlesbank aligns with our original vision of investment and collaboration.”
“Following our partnership with Ivanti in October 2020, together with Clearlake, the company has embarked on rapid growth, announcing three strategic acquisitions and teasing numerous initiatives,” they say Bidry is a righteous one is alyed Euber, Gahing the Forortttor. “Given the increasing complexity of IT environments, we are convinced that there are still interesting opportunities for growth and innovation.”
Charlesbank, Clearlake and TA will have an equal presence on Ivanti's board of directors. It availed itself of the financial consultancy of UBS Investment Bank and Citigroup. On the legal side, Ivanti used Sidley Austin LLP, while Ropes and Gray LLP represented Charlesbank. The transaction, subject to customary regulatory approvals and closing conditions, is expected to close in the second quarter of 2021.
