FrontRange and Lumension, two providers of Hybrid Service Management and Unified Endpoint Management software solutions, will merge to create HEAT Software.
The creation of HEAT Software is being driven by Clearlake Capital Group’s acquisition of FrontRange in combination with the merger of its existing portfolio company Lumension.
HEAT Software will be led by Jonathan Temple as CEO, and the new company will feature a blended management team with senior executives from both companies. The combined company, which will have more than 350 employees serving its global customer base, will be headquartered in Milpitas, CA, and will maintain operations in Scottsdale, Arizona.
The combination of the two companies offers customers the ability to deliver world-class service while maximizing operational efficiencies with reduced cost and complexity. Additionally, the platform offers enhanced capabilities in the management of endpoint operations, security and compliance.
“Our customers are improving service quality every day by deploying HEAT, the industry’s leading hybrid service management platform with fully integrated client management capabilities. The existing HEAT platform is unique in that from a single code base, the solution can be deployed either on-premises, in the cloud, or a combination of both,” said Temple, who previously served as President and CEO of FrontRange. “Thanks to the strong financial backing and operational expertise from Clearlake, we will now be able to add Lumension’s best-in-class endpoint management and protection solutions that greatly complement FrontRange’s existing HEAT platform. HEAT Software is now in the envious position of providing a product portfolio that is the most flexible, advanced, and complete, offering in the market.”
“We are excited to sponsor a new and rapidly expanding business through the formation of HEAT Software. In bringing together FrontRange and Lumension, we are combining two organizations with outstanding people, products and high-quality customer bases,” said Behdad Eghbali and Prashant Mehrotra of Clearlake. “HEAT Software will have a unique opportunity to provide enterprises with greater efficiency and effectiveness for their IT departments, as well as enhanced security across the entire organization. The combined company will have the scale, breadth of capabilities and resources to extend its initial leadership position and to offer robust solutions to grow with the needs of its clients.”
Clearlake Operating Advisor John Ferron will serve as Chairman of the HEAT Software Board of Directors, which will also include Temple, Eghbali and Mehrotra.
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