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News : Clearlake Capital to Acquire ConvergeOne
Santa Monica, Calif., May 14, 2014 -- Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") announced that it has reached a definitive agreement to acquire ConvergeOne (the "Company"), an independent provider of innovative communications solutions and managed services to enterprises globally.
Headquartered in Eagan, MN, ConvergeOne offers one source for multivendor solutions – from initial design and implementation through ongoing consulting, technical support, and managed services across the spectrum of IT, contact center solutions, and unified communications. ConvergeOne maintains strategic relationships with global solution providers.
"We are excited to partner with the talented management team of ConvergeOne as we make a significant investment in the Company," said Behdad Eghbali, a Founding Partner of Clearlake. "With its long-standing reputation for exceptional technology solutions, service delivery, customer focus, and innovative managed services, coupled with Clearlake’s capital resources and operational capabilities, we believe the Company is well positioned to accelerate growth and build substantial value."
"We have enjoyed a great partnership with Genstar," said John McKenna, CEO of ConvergeOne. "We look forward to partnering with Clearlake to continue to differentiate the Company by focusing on managed services and innovative technology solutions. Clearlake’s proven track record and substantial resources will be instrumental in adding lasting value to our business. It is very exciting for us that Clearlake shares our vision for accelerating growth and is investing in our strategy."
Posted by Veronica Silva Cusi, news correspondent
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ConvergeOne is one of the leading business communications specialists. With skills in Cisco based infrastructure, including security and wireless, collaboration, datacentre, virtualisation and storage technology. ConvergeOne works with its clients to deliver real business benefits that result in improved communications and efficiencies business wide.
Published: Monday, May 19, 2014