Clearlake Capital has entered into an agreement to sell its portfolio company Solutionary, a managed security services provider, to Nippon Telegraph and Telephone (NTT). The transaction is expected to close in the third quarter of 2013. Clearlake acquired Solutionary in November 2011.
Solutionary is a provider of managed security services used to protect traditional and virtual IT infrastructures, applications, network, and cloud & mobile environments. Customers include global and mid-market clients in a range of industries, including financial services, healthcare, retail and government. The company was founded in 2000 and is based in Omaha (www.solutionary.com).
NTT is the world’s largest global IT and telecommunications services company with annual revenues of more than $100 billion. The company is headquartered in Tokyo (www.ntt.co.jp).
Clearlake invests in special situations such as corporate divestitures, recapitalizations, buyouts, restructurings, turnarounds and minority equity investments. Sectors of interest include business services; communication; consumer products and retail; defense and public safety; energy and power; healthcare; industrials; media; and technology. Clearlake was founded in 2006 and is headquartered in New York (www.clearlakecapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-18-13
