Ivanti Inc., the automation platform that seeks to make faster and more secure IT connections, backed by Clearlake Capital Group LP and TA Associates, has closed the acquisition of Cherwell Software, a global provider of enterprise management services.
Jim Schaper, Ivanti chairman and CEO, said, “Together, we will build a deeper and more vertically oriented enterprise service management solution that delivers excellent experiences for every employee wherever they work, while enabling IT teams to improve operational speed, cost, and accuracy of service. We look forward to integrating the best functionalities of our complimentary technologies, expanding the reach of our Ivanti Neurons platform, and enabling customers to further maximize their business outcomes.”
“This transaction will strengthen Ivanti’s capabilities beyond the core of ITSM and into other lines of business, in addition to enhancing its low/no-code offerings,” said Adam Holtby, principal analyst at Omdia, said, “Extending service management practices and principles beyond just the IT department has become a key digital transformation enabler, supporting organizations in delivering the best support and employee experiences possible. The combined capabilities will enable Ivanti customers to automate and improve end-to-end service delivery across all endpoints, from cloud to the IoT edge.”