SANTA MONICA, Calif
Clearlake Capital Group, L.P. (together with its affiliates, Clearlake), announced that it has completed the acquisition of Dude Solutions, Inc. (Dude Solutions or the Company), the leading software-as-a-service (SaaS) provider of operations management solutions, from Warburg Pincus.
The Company will continue to be led by Chief Executive Officer, Ed Roshitsh and the current management team, who are investing alongside Clearlake in the transaction.
Dude Solutions is a market leading provider of cloud-based operations management software that automates mission-critical enterprise asset management workflows such as work order, inventory, energy, capital planning, facility scheduling, and community development. Dude Solutions provides an end-to-end SaaS solution for its over 12,000 clients in the education, government, healthcare and manufacturing verticals.
We are thrilled to partner with Clearlake to support the next phase of growth at Dude Solutions, said Mr. Roshitsh. Clearlake's extensive software investment experience will prove invaluable to Dude Solutions in this exciting new chapter. With Clearlake's operational support and financial backing, we are in a great position to build on our record as the leading cloud-based operations management software provider.
We are impressed by Dude Solutions' market-leading franchise and we are excited to partner with Ed and the team to accelerate growth both organically and through acquisition, said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. We look forward to supporting the Company through significant additional investment in the product portfolio and the go-to-market teams while also leveraging Clearlake's O.P.S. framework to continue to deliver best-in-class solutions to its customers.
Shea & Co. served as financial advisor to Clearlake. William Blair & Company served as financial advisor to Dude Solutions and Warburg Pincus. Willkie Farr & Gallagher LLP served as legal advisor to Dude Solutions and Warburg Pincus. Financing for the transaction was led by Monroe Capital acting as sole lead arranger and administrative agent with participation from BlackRock, Owl Rock, and Vista Credit.
