Charlesbank Capital Partners has made an investment in Ivanti, a provider of solutions that automate IT and security operations. No financial terms were disclosed. UBS Investment Bank and Citigroup acted as financial advisors for Ivanti.
SALT LAKE CITY & BOSTON–(BUSINESS WIRE)–Ivanti, Inc. (“Ivanti”), the automation platform that makes every IT connection smarter and more secure, today announced the close of the strategic investment from Charlesbank Capital Partners, LLC (“Charlesbank”) to accelerate growth. Charlesbank, a leading private investment firm managing more than $8 billion of capital, has joined existing investors Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates (“TA”) as an institutional shareholder in Ivanti. Terms of the transaction were not disclosed.
Ivanti provides solutions that automate IT and security operations, enabling customers to discover, manage, secure and service their IT infrastructure from cloud environments to edge devices. Ivanti’s software is utilized by more than 40,000 customers across various industries and five continents, and its solutions allow administrators to discover IT assets on-premises, in the cloud and at the edge; improve IT service delivery; and reduce risk with insights and automation.
The additional capital from Charlesbank will enable Ivanti to extend its market-leading position further through product innovation and acquisitions. It comes on the heels of the Ivanti Neurons automation platform being named a winner in the Globee® Awards and shortlisted for both the 2021 SC Awards Europe and the Computing AI & Machine Learning Awards. Ivanti will continue to be led by CEO and Chairman Jim Schaper and the current management team.
“Charlesbank shares the same values and commitment to serving customers as Ivanti,” said Jim Schaper, Ivanti Chairman and CEO. “Charlesbank was attracted to Ivanti because of the positive momentum we are achieving and, quite frankly, because they believe in our vision. With this investment, we will be able to accelerate our organic growth complemented with continued strategic acquisitions and expand our portfolio of solutions.”
Charlesbank, Clearlake and TA will have equal representation on the Ivanti Board of Directors. UBS Investment Bank and Citigroup acted as financial advisors for Ivanti. Citigroup and UBS Investment Bank also acted as capital markets advisors for Ivanti. Sidley Austin LLP provided legal counsel for Ivanti, with Ropes and Gray LLP representing Charlesbank.
Ivanti makes the Everywhere Workplace possible. In the Everywhere Workplace, employees use myriad devices to access IT applications and data over various networks to stay productive as they work from anywhere. The Ivanti Neurons automation platform connects the company’s industry-leading unified endpoint management, zero trust security and enterprise service management solutions, providing a unified IT platform that enables devices to self-heal and self-secure and empowers users to self-service. Over 40,000 customers, including 78 of the Fortune 100, have chosen Ivanti to discover, manage, secure, and service their IT assets from cloud to edge, and deliver excellent end user experiences for employees, wherever and however they work. For more information, visit www.ivanti.com and follow @GoIvanti.