SANTA MONICA, CA - Clearlake Capital Group, L.P. ("Clearlake") today announced that it sponsored the recapitalization of Solutionary, Inc. ("Solutionary" or the "Company") and simultaneously provided a significant capital infusion to the Company. Additional terms were not disclosed.
CHATTANOOGA, TENN. - Clarity, a division of Plantronics (NYSE: PLT) that creates smart communication solutions for seniors, and ClearCaptions, a telephone captioning service innovator and subsidiary of Purple Communications, Inc., today announced a strategic alliance through which the companies will collaborate on the design and distribution of innovative products for the nearly 20 percent of U. S. adults who have hearing loss.
BURBANK, CA - 3ality Digital, backed by Clearlake Capital Group, L.P., announced that it acquired Element Technica. The combined company, to be called 3ality Technica, will be the world's largest provider of end to end stereoscopic 3D solutions, including camera rigs, image processors, and accessories used by the motion picture and broadcast industries. Hector Ortega and Stephen Pizzo, the founders of Element Technica, will join the senior leadership team of 3ality Technica. Additional terms of the deal were not disclosed.
SANTA MONICA, LONDON and ATLANTA - Clearlake Capital Group, L.P. ("Clearlake") today announced that it led a recapitalization of Mycom Group Limited ("MYCOM" or the "Company") and provided a significant capital infusion to help fuel the Company's expansion plans. MYCOM is a leading global provider of innovative wireless engineering services and best-in-class Next Generation OSS Service Assurance software solutions to the telecom industry. MYCOM has fifteen offices in eight countries across Europe, Asia, and North America, and serves blue chip, global telecommunications customers. Additional terms were not disclosed.
NEW YORK, NY -- Clearlake Capital Group, L.P. ("Clearlake") today announced that it led and sponsored the $135 million recapitalization of Platinum Energy Solutions, Inc. ("PES"), in partnership with Layton Corporation and management. In connection with the transaction, Clearlake has acquired the majority of the newly issued preferred stock of the company and, together with management, will own a majority of the voting shares of PES. Additional terms were not disclosed.
SANTA MONICA, CA - Clearlake Capital Group, L.P. ("Clearlake") today announced that it sponsored the recapitalization and acquisition of 3ality Digital ("3ality" or the "Company") and simultaneously provided a significant capital infusion to the Company. 3ality is the leading provider of digital stereoscopic 3D (S3D) production hardware and software technology to the motion picture and broadcast industries. In connection with the acquisition, Clearlake, the Modell Family and management will control the Company. Additional terms were not disclosed.
ROCKLIN, CALIFORNIA -- Purple Communications™, Inc. (OTC: PRPL) ("Purple"), a leading provider of communications services for people who are deaf, hard of hearing and speech disabled, today announced the successful completion of a new debt financing, beta versions of new relay offerings, and a new strategic initiative that broadens Purple's growth potential in the new year.