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Clearlake Capital Exits CLM Software Leader Calero

Santa Monica, Calif.-based global private equity firm Clearlake Capital Group, L.P. has sold its portfolio company Calero Software, a Rochester, N.Y.-based communications lifecycle management (CLM) software provider, to Riverside Partners. Calero is the result of a merger of three separate companies by Clearlake in 2013, when the firm rolled up Veramark Technologies, PINNACLE and Movero into a single entity...