Announced
Completed
Financials
Tags
United States
Private
Majority
Software
saas
Acquisition
software solutions
Completed
Friendly
investment management software
Private Equity
Domestic
digital wealth
Synopsis
Motive Partners and Clearlake Capital Group, two private equity firms, completed the acquisition of InvestCloud, a modular, enterprise-grade digital wealth & investment management software solutions platform, for $800m. Motive Partners and Clearlake have simultaneously combined InvestCloud with existing Motive Partners portfolio companies Finantix and Tegra118 to create the next generation software-as-a-service global wealth solutions platform led by InvestCloud's CEO, John Wise. "The timing represents a once-in-a-lifetime opportunity to work with fellow entrepreneur Rob Heyvaert, the broader Motive Partners team and Clearlake to seize the opportunity to transform the industry," John Wise, InvestCloud CEO.
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