June 20, 2016
Clearlake Capital Group has completed its purchase of data protection and cloud migration software provider Vision Solutions for an undisclosed sum, the company announced on Monday.
“We are excited to enter a new chapter with Clearlake,” said Nicolaas Vlok, CEO of Vision Solutions. “Data protection software continues to be a high priority with growing demand from modern enterprise IT leaders. We look forward to leveraging Clearlake’s industry expertise to expand our footprint and serve the needs of our customers.”
Several Clearlake Capital executives have joined Vision Solutions’ board, including Clearlake operating advisor Keith Bradley. Clearlake announced its intentions to purchase Vision Solutions in May.
“Our investment represents a substantial commitment to Vision’s global customer base and reflects our confidence in the company as a buy and build platform to grow organically and through acquisition,” said Behdad Eghbali and Prashant Mehrotra of Clearlake, in a statement. “With the transaction now complete, Vision can leverage Clearlake’s substantial resources to propel its growth strategy and build on its lengthy track record as a leading enterprise software provider.”
Clearlake Capital recently purchased big data enterprise software provider Syncourt in October, giving the company access to Syncourt’s portfolio of open source solutions.
In April, Vision named channel veteran Chris Cleary as its latest channel chief, responsible for leading the company’s field sales and channel sales teams as well as promoting the company’s Double Take product line.
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