Aquisitive Landesk bought out

The acquisitions have started early in 2017. It is only the fourth of January and we have our first major deal. The private investment firm Clearlake Capital has just shelled out a cool $1.1 billion for LANDESK.

In the past few years, LANDESK carved out a niche in the user virtualization market space, acquiring its major competitor and market leader AppSense in 2016, Xtraction Solutions in 2015, Naurtech and LetMoblie in 2014, and Shavlik from VMware in 2013.

Clearlake Capital has agreed to acquire LANDESK for a believed $1.1 billion in cash from Thoma Bravo and will be merging the company with its other UEM asset, HEAT Software USA.

The newly merged company, which is yet to be named, will be led by LANDESK CEO Steve Daly and headquartered in Utah. Current HEAT CEO and Clearlake Operating Advisor John Ferron will serve as the executive chairman of the newly merged company’s board.

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