Ivanti Inc., which automates IT and security operations, has agreed to acquire Cherwell Software. Cherwell is a provider of IT service management and enterprise service management offerings focused on medium and large enterprises.
Ivanti is backed by affiliates of Clearlake Capital Group LP and TA Associates. Upon completion of the transaction, the combined company will continue to be led by Ivanti chairman and CEO Jim Schaper.
“The acquisition of Cherwell will allow Ivanti to not only strengthen our market leading position in the IT service management market but also fuel further expansion in the high growth enterprise service management space to manage workflows for business units beyond IT,” said Schaper.