South Jordan-based IT services provider Ivanti has acquired Concorde Solutions, a provider of SaaS software asset management solutions based in the U.K., with U.S. headquarters in Austin, Texas. In addition to its headquarters in Utah, Ivanti has operations worldwide. The buyout was backed by Clearlake Capital of Santa Monica, California.
The acquisition, Ivanti’s ninth in five years, extends the its IT asset management (SAM) offerings and provides its customers with additional insights and control to help organizations model and improve their effective software license position, according to a release from the company.
“With this acquisition, Ivanti is advancing its lead in SAM by filling a critical unmet need within the greater Internet asset management ecosystem,” said Ivanti CEO Steve Daly. “By bringing together Concorde’s software licensing expertise and Ivanti’s asset intelligence and endpoint management capabilities, we’re providing customers total asset management from a single point of control. Due to our close collaboration over the past year, we will be able to offer customers immediate access to the enhanced portfolio of solutions.”
“Software asset management is a critical discipline for any enterprise today and the team at Concorde has done an extraordinary job of addressing increasingly complex areas of IT governance, control and operational efficiency,” said Andy Burton, chairman of Concorde. “We look forward to seeing the combined business having an even greater impact in providing much-needed solutions for complicated asset decision-making processes in the enterprise IT estate.”
Ivanti, established in South Jordan in 1985, employs more than 1,600 in 23 countries. The terms of the acquisition were not disclosed.