Clearlake Capital Backs HEAT Software In Acquisition

Santa Monica-based investor Clearlake Capital said today that it is behind a deal where HEAT Software will acquire the Absolute Manage and Absolute Service businesses from Absolute Software Corporation. Financial terms of the acquisition were not disclosed. HEAT Software is a portfolio company of Clearlake Capital, and is based in Milpitas. Absolute Manage's business are used by organizations to manage and secure mobile and endpoint devices, ranging from PCs and Macs, to iOS, Android and Windows mobile devices.