Clearlake

Clearlake Capital-Backed Discovery Education to Acquire DreamBox Learning

Retrieved on: 
Tuesday, August 29, 2023

CHARLOTTE, N.C., Aug. 29, 2023 /PRNewswire/ -- Discovery Education, a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning®, a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide. DreamBox Learning's current investors Elliott Investment Management L.P. and TPG's The Rise Fund will retain minority stakes in the company. Financial terms were not disclosed. 

Key Points: 
  • CHARLOTTE, N.C., Aug. 29, 2023 /PRNewswire/ -- Discovery Education , a global education technology company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has agreed to acquire DreamBox Learning® , a PK-12 education technology provider serving more than 6 million students and 600,000 educators nationwide.
  • "Discovery Education is excited to welcome DreamBox Learning, a brand synonymous with quality, research-based math and reading edtech solutions to our growing family of services," said Discovery Education Chief Executive Officer Jeremy Cowdrey.
  • The addition of DreamBox Learning's intelligent adaptive learning technology to the Discovery Education suite will provide educators and students with more options for engaging, personalized learning experiences across a variety of disciplines.
  • For more information about Discovery Education's award-winning digital resources and professional learning services, visit www.discoveryeducation.com , and stay connected with Discovery Education on social media through Twitter and LinkedIn .

Guideline Expands Executive Leadership Team

Retrieved on: 
Wednesday, August 16, 2023

NEW YORK, Aug. 16, 2023 /PRNewswire/ -- Guideline (formerly PC Dreamscape), a portfolio company of the private equity firm GTCR, announced the expansion of its executive leadership team with the appointment of Matt Novick as Chief Financial Officer.

Key Points: 
  • NEW YORK, Aug. 16, 2023 /PRNewswire/ -- Guideline (formerly PC Dreamscape), a portfolio company of the private equity firm GTCR, announced the expansion of its executive leadership team with the appointment of Matt Novick as Chief Financial Officer.
  • As Chief Financial Officer, Novick brings nearly 20 years of advertising and marketing technology experience, holding numerous financial and operational leadership positions.
  • Novick's appointment to the executive team comes on the heels of Guideline's recent acquisition of Mediaocean's Lumina , and the company's rebranding from PC Dreamscape to Guideline.
  • "We're excited to welcome Matt to the team and leverage his experience and expertise in this industry, along with his passion to support our mission," said Scott Knoll, CEO of Guideline.

Wynnchurch Capital Invests in FloWorks

Retrieved on: 
Tuesday, January 24, 2023

Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has acquired a majority ownership in FloWorks International, LLC (“FloWorks” or the “Company”) from Clearlake Capital Group, L.P (together with its affiliates, “Clearlake”).

Key Points: 
  • Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has acquired a majority ownership in FloWorks International, LLC (“FloWorks” or the “Company”) from Clearlake Capital Group, L.P (together with its affiliates, “Clearlake”).
  • We are excited to partner with Wynnchurch to further grow our business and expand our product and service offering,” said Scott Jackson, CEO of FloWorks.
  • Greg Gleason, Managing Partner at Wynnchurch, said, “FloWorks is a market leader in flow control distribution providing highly engineered products and tailored technical solutions to a diverse customer base.
  • We are excited to partner with Scott and the team to grow the FloWorks platform.”
    Kevin Hanley, Vice President at Wynnchurch, said, “FloWorks has built an impressive platform with unique OEM partnerships and diverse end user relationships.

Alkegen Launching Trio of New High Efficiency Filtration Products for Air, Liquid and Molecular Applications

Retrieved on: 
Friday, September 30, 2022

Alkegen, a leading specialty materials platform that provides high performance materials used in advanced applications, announced they will be launching three new High Efficiency Filtration (HEF) products during their exhibition at the upcoming World Filtration Congress in San Diego, CA.

Key Points: 
  • Alkegen, a leading specialty materials platform that provides high performance materials used in advanced applications, announced they will be launching three new High Efficiency Filtration (HEF) products during their exhibition at the upcoming World Filtration Congress in San Diego, CA.
  • These are the first new filtration products launched under the Alkegen brand name since the merger of Lydall and Unifrax last October.
  • This trio of HEF media one for air, one for liquid, one for molecular applications represents the first wave of advanced materials developed and released under our new Alkegen filtration product development team.
  • Alkegens new air filtration media, TriboStatiX, is a MERV 13 high performance pleat media manufactured on a new best-in-class asset.

Constant Contact Names New Chief People Officer and Chief Strategy Officer

Retrieved on: 
Tuesday, June 28, 2022

WALTHAM, Mass., June 28, 2022 /PRNewswire/ -- Constant Contact, a digital marketing platform used by millions of small businesses and nonprofits, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Siris Capital Group, LLC (together with its affiliates, "Siris"), today announced the hiring of Mary Rusterholz as Chief People Officer and Stephanie Ting as Chief Strategy Officer. Together, the two bring extensive expertise within their respective industries to Constant Contact's growing leadership team.

Key Points: 
  • Their experience and track record will help us execute on our goals for strategic growth through people and partnership initiatives," said Frank Vella, CEO, Constant Contact.
  • Prior to joining Constant Contact, Rusterholz served as Chief Human Resources Officer for LightBox, a leading provider of due diligence, risk management, location intelligence and workflow solutions.
  • As Chief Strategy Officer, she will be focused on translating the organization's growth objectives into action and identifying high-value strategic partnerships that can complement Constant Contact's platform capabilities.
  • Before joining the team at Constant Contact, Ting ran the go-to-market strategy for Dolby Voice.

FinThrive™ Announces New Autonomous Revenue Management Research and Speaking Sessions at HFMA Annual Conference 2022

Retrieved on: 
Sunday, June 26, 2022

DENVER, June 26, 2022 /PRNewswire/ -- FinThrive, Inc., backed by Clearlake Capital Group, L.P. (together with certain affiliates, "Clearlake"), a healthcare revenue management software-as-a-service (SaaS) provider with the industry's most comprehensive end-to-end platform, will release new research from its autonomous revenue management playbook and participate in three speaking sessions at the HFMA Annual Conference June 26-29.

Key Points: 
  • DENVER, June 26, 2022 /PRNewswire/ -- FinThrive, Inc., backed by Clearlake Capital Group, L.P. (together with certain affiliates, "Clearlake"), a healthcare revenue management software-as-a-service (SaaS) provider with the industry's most comprehensive end-to-end platform, will release new research from its autonomous revenue management playbook and participate in three speaking sessions at the HFMA Annual Conference June 26-29.
  • FinThrive will share new insights from its Autonomous Revenue Management Playbook at HFMA Annual, including the top reasons CFOs are shifting away from RCM (Revenue Cycle Management) point solutions, toward holistic revenue management.
  • Dates and times for FinThrive's HFMA Annual speaking sessions are:
    - Payer-Provider Collaboration: Reimagining the Relationship between Payer, Provider, and Patient.
  • Our end-to-end revenue management platform delivers a smarter, smoother revenue experience that increases revenue, reduces costs, expands cash collections, and ensures regulatory compliance.

nThrive Rebrands to FinThrive™

Retrieved on: 
Sunday, June 26, 2022

DENVER, June 26, 2022 /PRNewswire/ -- FinThrive, Inc., backed by Clearlake Capital Group, L.P. (together with certain affiliates, "Clearlake"), a healthcare revenue management software-as-a-service (SaaS) provider with the industry's most comprehensive end-to-end platform, will introduce its new brand at the HFMA Annual Conference in Denver, Colorado, June 26-29.

Key Points: 
  • Under one brand, FinThrive is well positioned to pave the way for a healthcare system that ensures every transaction and patient experience is addressed holistically.
  • FinThrive is committed to transforming the healthcare economy, driving inefficiencies out of the healthcare revenue cycle and eliminating the friction that has long plagued the healthcare system.
  • "Our new brand fulfills our expanded vision to empower and advance the healthcare economy," said Hemant Goel, President and CEO of FinThrive.
  • To learn more about FinThrive and its end-to-end revenue management platform, visit finthrive.com
    FinThrive is advancing the healthcare economy.

 AMCS to Acquire Quentic – Partners for a Green Future

Retrieved on: 
Thursday, May 12, 2022

With this acquisition, AMCS will be positioned to broaden its expertise in the environmental services industry globally and continue to expand its customer base.

Key Points: 
  • With this acquisition, AMCS will be positioned to broaden its expertise in the environmental services industry globally and continue to expand its customer base.
  • AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future, says Jimmy Martin, CEO of AMCS.
  • We have built Quentic on the values of making a meaningful contribution to people, society and the environment, Markus Becker, CEO of Quentic said.
  • Together with AMCS, the Quentic management team will continue to shape the future.

Outseer Appoints Former Fiserv Executive John Filby as Chief Executive Officer

Retrieved on: 
Thursday, April 28, 2022

Outseer, a leading provider of payment authentication and monitoring solutions, announced today the appointment of John Filby as Chief Executive Officer.

Key Points: 
  • Outseer, a leading provider of payment authentication and monitoring solutions, announced today the appointment of John Filby as Chief Executive Officer.
  • He joins Outseer after serving as CEO of Global Holdings, a specialty payment processor he helped scale and lead to a milestone equity event.
  • Im honored to be appointed to this role during this exciting time for Outseer, said Filby.
  • John is the right leader at the right time for Outseer, said Prashant Mehrotra, Partner at Clearlake Capital.

Alkegen Backed by Clearlake Capital, Announces New Aerogel Technology

Retrieved on: 
Tuesday, April 19, 2022

Alkegen, a leading specialty materials platform creating transformational materials, today introduced its latest proprietary technology, AlkeGel by Alkegen.

Key Points: 
  • Alkegen, a leading specialty materials platform creating transformational materials, today introduced its latest proprietary technology, AlkeGel by Alkegen.
  • AlkeGel is a next generation flexible aerogel material designed for electric vehicle and battery fire protection applications, along with other industrial thermal management uses.
  • Alkegen is the new company launched in January following the acquisition of Lydall Materials by Unifrax.
  • These composite aerogel materials offer excellent insulation properties, and include advanced proprietary technology features weve developed with our novel aerogel process.