Clearlake Capital puts IT-software company Ivanti on the block

Clearlake Capital is shopping Ivanti, which could draw about $2 billion in a sale, sources familiar with the deal told Buyouts.

UBS and Evercore are advising Clearlake on the transaction, the sources said.

In January 2017, the Santa Monica, California, private equity firm acquired Landesk from Thoma Bravo and combined it with its portfolio company HEAT Software under one brand to become Ivanti.

Clearlake completed two add-ons to the platform — RES Software and Concorde Solutions — also in 2017.

The company, with 36 offices in 23 countries, employs almost 1,500 people globally, according to its LinkedIn page and a news release.

Ivanti, Salt Lake City, aims to help IT organizations automate and secure digital workplaces by addressing security threats, manage devices and optimize their user experience.

Ivanti also aims to ensure that supply-chain and warehouse teams are using the latest technology to improve productivity in operations.

Clearlake Capital, which has managed more than $8 billion of institutional capital since its inception in 2006, invests in software and technology, energy and industrials and food and consumer sectors.

On April 30, the firm announced the sale of a 50 percent stake in Perforce Software to Francisco Partners.

Action Item: Contact Clearlake at +1 310-400-8800.