Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 06.10.2020  
C(2020 ) 6952 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9950  – CLEARLAKE CAPITAL GROUP / TA ASSOCIATES 
MANAGEMENT / IVANTI SOFTWARE  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 7 September 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Clearlake 
Capital Group, L.P. (“Clearlake”, United States of America) and  TA Associates 
Management, L.P. (“TA Associates” , United States of  America),  acquire within the 
meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the 
whole of Ivanti Software, Inc. (“Ivanti Software” , United States of America ), 
ultimately controlled by Clearlake Capital Group , by way of purc hase of shares  in 
Icon Software Holdings, Inc (U nited States of America ), the parent entity of Ivanti 
Software .3 
2. The business activities of the undertakings concerned are:  
 Clearlake Capital Group: private equity investment, with portfolio companies 
active in software and technology -enabled services, energy and industrials, and 
consumer . 
 TA Associates Management: private equity investment, with portfolio companies 
active in selected industries, including business services, consumer, financial 
services, healthcare and technologies.  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 303, 14.9.2020 , p. 30. 

2  Ivanti Software: provision of a software platform for companies’ internal IT 
departments, which provides user management, and industrial mobility software 
and solutions.  
3. After examination of the notification, the European Commi ssion has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application  of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .