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Clearlake Capital to acquire ConvergeOne

Private investment firm Clearlake Capital Group is to acquire ConvergeOne, a provider of communications solutions and managed services to enterprises globally, from Genstar Capital.

Headquartered in Eagan, Minnesota, ConvergeOne offers one source for multivendor solutions – from initial design and implementation through ongoing consulting, technical support, and managed services across the spectrum of IT, contact centre solutions, and unified communications.
ConvergeOne maintains relationships with global solution leaders, including Avaya, Cisco Systems, IBM, Interactive Intelligence and Microsoft.
It has more than 4,100 customers, including 46 per cent of the Fortune 100 companies, operating in virtually every industry, including the financial, technology/communications, healthcare, and energy sectors.
“We are excited to partner with the talented management team of ConvergeOne as we make a significant investment in the company,” says Behdad Eghbali, a founding partner of Clearlake. “With its long-standing reputation for exceptional technology solutions, service delivery, customer focus, and innovative managed services, coupled with Clearlake’s capital resources and operational capabilities, we believe the company is well positioned to accelerate growth and build substantial value.”
“We have enjoyed a great partnership with Genstar,” says John McKenna, CEO of ConvergeOne. “We look forward to partnering with Clearlake to continue to differentiate the Company by focusing on managed services and innovative technology solutions. Clearlake’s proven track record and substantial resources will be instrumental in adding lasting value to our business. It is very exciting for us that Clearlake shares our vision for accelerating growth and is investing in our strategy.”

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