LANDESK Software, Inc.
Salt Lake City, UT
LANDESK Software is a leading provider of systems lifecycle management, endpoint security and IT service management solutions for desktops, servers and mobile devices across the enterprise. LANDESK enables IT departments to gain control of end-user computing environments with a single console, light infrastructure, and ITIL solutions that deliver significant value and ROI. Thoma Bravo invested in LANDESK in 2010 by acquiring it from Emerson Electric (NYSE: EMR), where it was an operating division, and establishing it as stand-alone business. Then, working closely with management, Thoma Bravo implemented operational processes, metrics tracking and other best practices to improve cash flow margins by more than 40%, followed by a series of add-on acquisitions. Seven highly complementary technology assets were acquired to broaden the company’s product offering and position it as a fully integrated, end-to-end, user-centered IT management platform. In 2016, LANDESK was sold to Clearlake Capital Group, L.P., which combined it with its portfolio company HEAT Software to create a new business using the name Ivanti.