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,  12.08.2022   
C(2022 ) 5969 final  
PUBLIC VERSION  
Clearlake Capital Group, L.P.  
233 Wilshire Blvd Suite 800  
90401 -1207 - Santa Monica, CA 
United States of America  
 
TA Associates Management L.P.  
56th Floor, 200 Clarendon Street  
02116 - Boston, MA  
United States of America  
Subject : Case  M.10823 - CLEARLAKE / TA ASSOCIATES / EPHESOFT  
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 19 July 2022 , the European Commission received notification of a proposed 
concentr ation pursuant to Article 4 of the Merger Regulation , by which  Clearlake 
Capital Group, L.P. (‘Clearlake’, U .S.A.), and TA Associates Management L.P. (‘TA 
Associates’, U.S.A .), will acquire within the meaning of Article 3(1)(b) of the Merger 
Regulation joint control over the whole of  Ephesoft, Inc.  (‘Ephesoft’, U.S.A.)   by way 
of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 for Clearlak e: private investment firm, active in software and technology -enabled 
services, energy and industrials, food and consumer products , 
 for TA Associates : private equity firm, active in business services, consumer  
services , financial services, healthcare and t echnologies , 
                                                 
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 285, 26.07 .2022 , p. 11. 

2  Ephesoft : provides an i ntelligent document processing platform for global 
consultancies and systems integrators for mid -large enterprise s and users , which 
automates the processing of documents that come  into organizations . 
3. After examination of  the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5(a) and (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 noti fied 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 .