Dude Solutions Has Been Acquired by Clearlake Capital
About Dude Solutions
- Dude Solutions is a market leading provider of cloud-based operations management software that automates mission-critical enterprise asset management workflows such as work order, inventory, energy, capital planning, facility scheduling and community development
- Dude Solutions provides an end-to-end SaaS solution for its over 12,000 clients in the education, government, healthcare and manufacturing verticals
- Dude Solutions was founded in 1999 and is headquartered in Cary, NC
About Clearlake Capital
- Clearlake Capital Group is a leading private investment firm founded in 2006
- With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.
- The firm’s core target sectors are software and technology-enabled services, industrials and energy and consumer
- Clearlake has managed over $8.5 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments
- Clearlake is headquartered in Santa Monica
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We are excited to partner with Clearlake, who has a successful track record of sponsoring and supporting growing software companies. Clearlake’s partnership will provide access to global resources and enable the Company to invest in growth initiatives to better serve our customer base over the long-term.
Ed Roshitsh
CEO, Dude Solutions
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This milestone was achieved by the culmination of a great Dude Solutions team, an excellent partner in Warburg Pincus and over 12,000 organizations which have provided us the honor to assist them in working smarter and more efficiently.
Kent Hudson and Lee Prevost
Co-Founders, Dude Solutions
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We are impressed by what Dude Solutions has achieved under Ed and the founders’ leadership, and we share their excitement that the company will serve as an excellent platform for both organic and inorganic growth initiatives. Dude Solutions has a market leading software platform that operates in an increasingly complex asset management environment. We look forward to leveraging our O.P.S. approach to support the management team and its many talented and passionate employees in continuing to provide best-in-class operations management software to its client base.
Behdad Eghbali and Prashant Mehrotra
Co-Founder and Managing Partner, Clearlake and Partner, Clearlake
Transaction Notes
- The acquisition of Dude Solutions by Clearlake was announced on May 3, 2019; financial terms were not disclosed