SANTA MONICA, Calif. amp; LEHI, Utah–(BUSINESS CABLE)–
Clearlake Resources Team, LP (together with its associates, “Clearlake”) introduced that in collaboration with monitoring it has finished the procurement of NetDocuments (the “Company”), the leading company of protected cloud-based file administration, email administration, and also cooperation services to law firms and company legal as well as compliance departments. Financial terms were not disclosed.NetDocuments is the only
cloud-first and also cloud-native web content monitoring service purpose-built for the legal industry and focusedconcentrated on meeting consumer requires around protection as well as compliance. The Business’s innovative end-to-end system integrates durable safety and security, file encryption as well as conformity features with simple functionality that resolves the progressing needs these days’s experts.”Our financial investment mirrors our confidence in the outstanding NetDocuments management team as well as the Company as a platform to expand both organically and also through purchases,”said Behdad Eghbali and Prashant Mehrotra of Clearlake.” With the deal currently total, NetDocuments could utilize our collaboration to more spendbuy the Company’s leading file monitoring, e-mail monitoring, and also cooperation services, and also increase its development trajectory.””We are thrilled to start a new phase in partnership with Clearlake, “claimed Matt Duncan, CEO NetDocuments.”
We remain focused on delivering best-in-class, highly safe and secure, cloud-based material monitoring and also e-mail management options to our clients. Clearlake’s considerable sources will assist us further improve our offering as well as increase the ongoing cloud change in the legal and also compliance industry.”William Blair amp; Business LLC worked as the exclusive financial expert to NetDocuments. Abdominal Muscle Private Credit scores Investors provided a fully underwritten facility to help fund the transaction as well as functioned as lead arranger as well as administrative agent. Matt Duncan, CEO NetDocuments, as well as Alvin Tedjamulia, CTO NetDocuments, have actually joined the Firm’s Board of Supervisors along with the Clearlake team.About Clearlake Capital Group Clearlake Capital Team, LP is a leading personal investment companyinvestment company foundedestablished in 2006. With a sector-focused approach, the company looks for to partner
with first-rate administration teams by
providing client, long-term resources to vibrant companies that could benefitgain from Clearlake’s operational renovation technique, OPS.SM The firm’s core target industries are software program as well as technology-enabled solutions; industrials as well as power; as well as consumer. Clearlake currently has more than $3 billion of possessions under management as well as its senior investment principals have actually led or co-led over 90 investments. More info is readily available at www.clearlake.com.About NetDocuments EstablishedEstablished in 1999, and with workplaces in the US, UK, as well as Australia, NetDocuments is the leader in cloud-based document and e-mail administration. With hundreds of thousands of users across 140 nations, companies delight in the power as well as simpleness of NetDocuments relied on cloud system, total with integrated safety and security, compliance, disaster healing, matter centricity, enterprise search, flexibility, records management, and cooperation. More details is readily available at www.netdocuments.com.View resource variation on businesswire.com: http://www.businesswire.com/news/home/20170328005568/en/Capital Group, LP (with each other with its associates, “Clearlake”) announced that in partnership with administration it has actually finished the acquisition of NetDocuments (the “Company”), the leading service provider of secure cloud-based record administration, email management, and also collaboration remedies to legislation companies and also company lawful as well as compliance departments.”Our financial investment shows our self-confidence in the outstanding NetDocuments administration group and the Company as a platform to expand both organically as well as via purchases,”stated Behdad Eghbali as well as Prashant Mehrotra of Clearlake.”
We remain focused on supplying best-in-class, highly protected, cloud-based web content monitoring as well as e-mail management services to our consumers.
Clearlake Funding Group, LP (with each other with its affiliates, “Clearlake”) revealed that in partnership with administration it has actually finished the purchase of NetDocuments (the “Company”), the leading supplier of safe cloud-based record monitoring, email management, as well as cooperation services to law firms and company legal as well as conformity divisions.”Our investment mirrors our self-confidence in the extraordinary NetDocuments monitoring group and also the Business as a system to grow both organically as well as through acquisitions,”said Behdad Eghbali as well as Prashant Mehrotra of Clearlake.”
We continue to be concentrated on supplying best-in-class, extremely safe and secure, cloud-based content management as well as email administration services to our consumers. Clearlake presently has over $3 billion of possessions under monitoring as well as its elderly investment principals have led or co-led over 90 financial investments.