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WFCF, PNC Others Provide Financing in HEAT Software Formation

February 12, 2015, 08:02 AM
Filed Under: Technology

FrontRange and Lumension, leading providers of Hybrid Service Management and Unified Endpoint Management software solutions for organizations of all sizes, jointly announced that the companies will merge to create HEAT Software. Wells Fargo Capital Finance, PNC Bank, Capital One and Consortium Finance provided financing for Clearlake’s acquisition of the company.

The creation of HEAT Software is being driven by Clearlake Capital Group’s (“Clearlake”) acquisition of FrontRange in combination with the merger of its existing portfolio company Lumension.

HEAT Software will be led by industry veteran 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.

As a trusted vendor managing millions of service interactions and endpoints every day for organizations around the world, HEAT Software has the scale and ability to serve enterprises across all geographies and verticals. 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.

HEAT Software is a leading provider of Hybrid Service Management and Unified Endpoint Management software solutions for organizations of all sizes. With its suite of applications, HEAT Software is the only company in the world that provides, from a single platform, Service Management and Unified Endpoint Management software on-premise and in the cloud.

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