Flagship and Tech Opportunities
Technology and Technology Infrastructure
Salt Lake City, UT
Ivanti is a leading global provider of enterprise IT software. The company 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 over 40,000 customers across various industries and five continents, including 78 of The Fortune 100. The company’s mission-critical products are deeply embedded in customers’ IT operations, resulting in strong net retention and consistent recurring revenue growth. Ivanti has also completed 10 acquisitions since 2015, meaningfully increasing its scale and addressable market while strengthening its product portfolio. The company has an attractive and actionable M&A pipeline in place which we expect to support continued inorganic growth.
In May 2021, Charlesbank partnered with management to acquire joint control of Ivanti alongside existing shareholders Clearlake and TA Associates. Our investment in the company follows from extensive experience investing in horizontal and infrastructure software businesses, and further builds upon our strong history of partnerships with TA Associates and past dialogue with Clearlake. The investment will help Ivanti extend its market-leading position further through product innovation and acquisitions.