Clearlake Capital Acquires LANDESK

Santa Monica-based private equity investor Clearlake Capital Group L.P. announced this morning that it has agreed to acquire LANDESK, a developer of IT management software, from private equity investor Thoma Bravo. Financial details of the deal were not announced. As part of the acquisition, LANDESK said it will merge its existing portfolio company, HEAT Software, with LANDESK. The newly combined company will be led by current LANDESK CEO Steve Daly, and be based in Salt Lake City; HEAT CEO and Clearlake Operating Advisor John Ferron becomes Executive Chairman of the new company.