Announcement: Livingstone Technologies agrees to acquire Cloud Optics as part of its continued investment in the Software Lifecycle Management Space

London UK, October 31, 2019 – Livingstone Technologies supported by global investment firm The Carlyle Group (NASDAQ: CG) today announces that it has agreed to acquire Cloud Optics as it continues to invest in the Software Lifecycle Management market.

Equity for the investment will come from Carlyle Europe Technology Partners III (“Carlyle”) and reinvestment from the founders and Livingstone Management. Financial terms of the transaction are not disclosed.

Cloud Optics is a leading independent consultancy, providing cloud and software license and consulting services across mega-vendors including Microsoft, Oracle, IBM, SAP and Salesforce.  Cloud Optics’ lifecycle services align perfectly to those already provided by the Livingstone Group, which support global organisations in the public and private sector to procure and govern their IT estate effectively, based on trustworthy data and asset intelligence. Cloud Optics’ best in class commercial and contractual solutions strengthen the group’s portfolio of services, allowing it to help clients to optimise their software and cloud estates and align them to their actual requirements.

This strategic acquisition will enable Livingstone to assess a client’s current and future software needs to produce an optimal Bill of Material. It will then support clients through vendor negotiations with benchmarking support services, allowing clients to optimise their licensing, product and contract positions.

This investment represents the fourth significant investment that Carlyle has made in the Software Asset Management (SAM) sector in the last eighteen months, with the previous acquisitions of Livingstone Technologies (UK) enabling the further acquisitions of Siwel (USA) and more recently Derive Logic (UK)