n January 20, 2017, LANDESK was acquired by HEAT, an industry peer backed by Clearlake Capital, in an all-cash transaction. The management team of LANDESK is running the combined company. LANDESK is a leading provider of systems lifecycle management, endpoint security, and IT service management solutions for desktops, servers, and mobile devices used enterprise environments.
WP Global co-invested in LANDESK in 2010 alongside Thoma Bravo. WP Global was attracted to the company because of its market-leading position in systems management for complex IT environments; high gross and EBITDA margins; and strong recurring revenue with high customer renewal rates.
About WP Global Partners
WP Global Partners is a private markets firm focused on investing in operating companies with enterprise values under $250 million via both direct and fund vehicles across both equity and debt strategies. With decades of experience, the WP Global team has collectively invested $6 billion into over 90 companies and 400 small to mid-market funds.