Clearlake Capital Invests in Diligent Corporation

Palo Alto – April 3, 2018 – Cooley advised Clearlake on its recent strategic investment in Diligent Corporation, a portfolio company of Insight Venture Partners. Partner Mehdi Khodadad led the Cooley team advising Clearlake on the transaction.

“At Diligent, we are relentlessly committed to delivering value to our clients through exceptional products and services,” said Brian Stafford, president and CEO of Diligent, in a news release. “Expanding our partnership to include Clearlake, a firm with deep software industry experience, will provide additional resources to fuel our growth through further expansion of our international footprint and our [enterprise governance management] software roadmap.”

Diligent, based in New York City, provides secure corporate governance and collaboration solutions for boards and senior executives. More than 12,000 clients rely on Diligent for secure distribution of board materials to secure messaging, integrated compliance, board evaluation and entity management.

Cooley has a longstanding relationship with Clearlake, advising the firm on various transactions and portfolio matters since 2011. In early February, Cooley advised Clearlake on its acquisitions of Perforce Software and ProVation Medical.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.