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New financial investors, led by Motive Partners and Clearlake Capital, partner to create next-generation SaaS wealth solutions platform with InvestCloud
LOS ANGELES, Feb. 2, 2021 /PRNewswire/ InvestCloud, an award winning global FinTech firm has completed a recapitalization that values the business at $1 billion. New financial investors are led by Motive Partners ( Motive ) with Clearlake Capital Group, L.P. ( Clearlake ) and include other InvestCloud client shareholders. Under the terms of the agreement, Motive Partners will also contribute two portfolio businesses, Finantix and Tegra118, into InvestCloud, creating a global Software-as-a-Service ( SaaS ) wealth solutions platform. The recapitalization achieves our first objective, said John Wise, InvestCloud s Co-founder and Chief Executive Officer. At a valuation of $1 billion, we can reward early investors in the business, while injecting new capital to fuel the next stage of our growth, further supporting our clients
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