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Siemens AG Acquires Brightly Software from Clearlake Capital for $1.87B

Private investment firm Clearlake Capital has completed the sale of Brightly Software to the German multinational conglomerate Siemens AG, the firm has announced. The deal is worth a total of $1.87 billion—$1.5 billion of upfront cash consideration, along with $300 million in cash earn-out payments...