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Perforce Has Been Acquired by Clearlake Capital

About Perforce

  • Perforce is a provider of the industry’s most flexible, scalable and secure version control and collaboration platform serving DevOps teams across all phases of the software development lifecycle
  • Perforce is trusted by the world’s most innovative brands, including NVIDIA, Pixar, Scania, Ubisoft and VMware – over 3,000 companies across the globe rely on its agile project management, developer collaboration, version control and repository management solutions as the foundation for DevOps at enterprise scale
  • Perforce was founded in 1995 and is headquartered in Minneapolis with over 225 employees
  • Perforce was a portfolio company of Summit Partners, a leading venture capital and growth equity firm focused on technology, healthcare and growth products and services

About Clearlake Capital

  • Clearlake Capital is a leading private investment firm founded in 2006 and located in Santa Monica
  • 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 – the firm’s core target sectors are software and technology-enabled services, industrials and energy and consumer
  • Clearlake has managed approximately $6 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments

Transaction Notes

  • Clearlake’s acquisition of Perforce was announced on January 10, 2018; financial terms were not disclosed
  • Shea & Company acted as the exclusive financial advisor to Perforce and Summit Partners on the transaction, and previously advised Perforce on the company’s sale to Summit
Read The Press Release