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LANDESK and HEAT Software Merge to Form Ivanti

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Backed by Clearlake Capital; Two Leading Companies Combine to Offer Enhanced Comprehensive Solutions for IT Operations and Security

SANTA MONICA, CA and SALT LAKE CITY, UT – January 23, 2017 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced it has completed the acquisition of LANDESK. In conjunction with the transaction close, LANDESK and HEAT Software announced the two organizations have united under a new corporate name: Ivanti.

With more than 1,600 employees in 23 countries and serving over 22,000 broadly diversified customers across all industries, Ivanti provides integrated solutions that help IT organizations balance rapidly-evolving user requirements with the need to secure critical assets and data. The combination of two leading companies bolsters Ivanti’s robust product offerings and strengthens its position as a leading vendor capable of addressing the entire continuum of a customer’s IT management needs.

“Today marks a pivotal moment for the company,” said Ivanti CEO Steve Daly. “We are excited to have the deal finalized and to introduce ourselves to the world with the new Ivanti name. Our passion for customer success and our expertise in helping organizations create a more secure digital workplace sets us apart in the industry and creates a foundation for future growth.”

“We are thrilled to support Ivanti as a platform investment through the combination of LANDESK and HEAT. This transaction is an example of our buy and build strategy to create leading platforms,” said Behdad Eghbali, Managing Partner. “Ivanti’s strength lies in its scale and the quality of its loyal customer base, people, and differentiated products. We plan to aggressively accelerate growth by investing in the development of new products and sales and marketing as well as through acquisitions.”

The combination enhances Ivanti’s unified endpoint management (UEM) solutions, increases its strength in the endpoint security market, and provides a rapidly growing SaaS service management platform. The combined company is well positioned to address IT’s growing needs as they deal with increasingly complex end-user environments and transition services to the cloud.