Wednesday, May 14, 2014

Clearlake Capital Buys ConvergeOne

Santa Monica-based private equity investor Clearlake Capital Group said this morning that it is in an agreement to acquire ConvergeOne, a Minnesota-based provider of communications and managed services to the enterprise market. Financial details of the buy were not disclosed. Clearlake Capital said it has added Behdad Eghbali, Prashant Mehrotra, and James Pade toConvergeOne's board of directors. ConvergeOne is based in Eagan, MN, and has around 4,100 customers.

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