Ivanti Acquires Two Security Companies
Ivanti has signed definitive agreements to acquire two separate security companies, MobileIron and Pulse Secure. The acquisitions are backed by affiliate of Clearlake Capital Group and TA Associates.
According to Ivanti, the MobileIron transaction is worth approximately $872 million, while terms of the Pulse Secure acquisition were not disclosed. Morgan Stanley Senior Funding, BofA Securities, UBS Investment Bank, and BMO Capital Markets are providing debt financing for the acquisitions. The combined company will be helmed by Ivanti chairman and CEO Jim Schaper.
In a statement announcing the acquisitions, Ivanti said that the additional capabilities brought by MobileIron and Pulse Secure will improve the company's performance in...