Silver Lake to invest in Battery Ventures-backed Clubessential.

Silver Lake, a private equity firm, agreed to invest in Battery Ventures-backed Clubessential, a club management software as a service solutions provider. Financial terms were not disclosed. "We are extremely excited to partner with Silver Lake to leverage the firm's insights, resources, and extensive global technology network to further improve our company and increase our access to capital for continued innovation and growth. As we pursue this next phase of growth, we feel so fortunate to have two preeminent technology investors, in Silver Lake and Battery Ventures, in our corner—and know our customers will benefit from these partnerships as well," Randy Eckels, Clubessential CEO.