Announced
Synopsis
Private equity firm Clearlake Capital invested in Insight-backed Appriss Holdings, which provides data and analytics for public and private enterprises that are focused on public safety, fraud prevention and substance abuse. Clearlake will be an equal partner in Appriss alongside management and Insight Partners, which invested in Appriss in 2014. Financial terms were not disclosed. Behdad Eghbali, Co-Founder and Managing Partner at Clearlake, commented, “Clearlake is thrilled to partner with the world-class management team at Appriss, and join Insight Partners as the Company’s lead investors. We see a significant opportunity to build upon Appriss’s leadership position as a provider of critical data and analytics and accelerate its rapid growth. We look forward to leveraging our O.P.S.® approach to further support Michael and his team as they find new ways to make data and analytics serve a critical purpose in solving real world problems.”
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