Mergers and Acquisitions

Private equity firm Clearlake Capital acquires Quest Software from Francisco Partners. IT management & security software business valuation: $5.4B, 10.9X EBITDA, report indicated.

Global professional services firm Globant has acquired Salesforce partner Navint to expand its Salesforce Studio practice.

Magna5, an MSP backed by private equity firm NewSpring Holdings, sells telecom business to ITL. Magna5, now focused exclusively on managed services, seeks acquisitions.

TruVista Communications has acquired Plant Telephone Company (PTC) and Plant Telecommunications Sales & Services (PTS).

The $100 million financing Upstack received from Midcap Financial and Morgan Stanley will be used to scale and expand the company’s platform.

Sylogist buys Pavliks; gains Microsoft Dynamics development, implementation & MSP services for public sector entities & member associations.

Modern Managed IT, backed by $1 million in growth funding, offers unique five-point MSP strategy & expands San Antonio, Texas, footprint.