Ivanti Inc., an IT management and security company based in South Jordan, has closed its acquisition of Cherwell Software of Colorado Springs, Colorado. Cherwell provides IT service and assets management software for the healthcare, finance, education and government sectors. Terms of the transaction were not disclosed.
Ivanti is backed by major investors Clearlake Capital Group LP of Santa Monica, California, and Boston-based TA Associates.
“This business combination cements Ivanti’s position as the only enterprise service management vendor to offer end-to-end service and asset management from IT to lines of business and from every endpoint to the IoT edge,” Ivanti said in announcing the closing. “It also accelerates Ivanti’s innovation at the intersection of unified endpoint management, zero-trust security and enterprise service management.”
“We are excited to welcome the Cherwell team into the Ivanti family,” said Jim Schaper, Ivanti chairman and CEO. “Together, we will build a deeper and more vertically oriented enterprise service management solution that delivers excellent experiences for every employee wherever they work, while enabling IT teams to improve operational speed, cost, and accuracy of service.”
Ivanti said it plans to integrate Cherwell’s no-code and low-code applications. The Ivanti Neurons platform will connect the enterprise service management portfolio with the company’s unified endpoint management and zero-trust security solutions, providing a single method for enterprises to proactively, predictably and autonomously self-heal and self-secure devices and self-service end users, Ivanti said.