Motive Partners and Clearlake Capital Group completed the acquisition of InvestCloud for $800m.

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.