Motive Partners and Clearlake Invest in InvestCloud
Motive Partners, a specialist private equity firm focused on growth and buyout investments in enterprise financial services software companies, and
Clearlake Capital Group LP, a sector-focused investor that partners with management teams by providing patient, long-term capital to businesses, have acquired 80% of
InvestCloud, a modular digital wealth and investment management software solutions platform.
Motive Partners and Clearlake have simultaneously combined InvestCloud with existing Motive Partners portfolio companies
Finantix and
Tegra118 to work towards creating the next generation of Software-as-a-Service (“SaaS”) global wealth solutions platform. The co-investment for the transaction comes from
Accenture,
Rob Heyvaert, founder & managing partner, Motive Partners, will become Chairman, with