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New Deal


Announced

Clearlake Capital and TA Associates-backed Ivanti to acquire Pulse Secure from Siris Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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security solutions

Security Equipment

Private

Domestic

United States

Majority

Pending

Private Equity

Acquisition

endpoint management solutions

Single Bidder

Friendly

Synopsis

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Clearlake Capital and TA Associates-backed Ivanti, an IT software company, agreed to acquire Pulse Secure, a provider of secure access and mobile security solutions, from Siris Capital. Financial terms were not disclosed. "Siris has been a committed partner working side-by-side with us throughout our journey, and we are grateful for the team's support and added value to our business. As it relates to the future of work, Ivanti shares our belief that 'Remote is the New Normal' and our commitment to building Secure Access solutions that offer simple and unified user experiences. We are excited to join the Ivanti family alongside MobileIron and look forward to utilizing the resources that Clearlake and TA Associates provide to further establish our position as a Secure Access leader for Hybrid IT environments in a world of Zero Trust," Sudhakar Ramakrishna, Pulse Secure CEO.

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