Clearwater has advised SafeBoot, a leading provider of enterprise security software, on its sale of a majority stake to Summit Partners, a prominent player in private equity and venture capital.
SafeBoot is the world’s largest developer of encryption software and management systems, allowing large corporations to protect the integrity of data on their mobile devices. With more than two million users, CBI’s SafeBoot solutions maintain the largest installed base of any device and data security solution.
Summit Partners is a leading private equity and venture capital firm with offices in Boston, California, and London, investing €39m to acquire a majority stake from existing shareholders, including ABN AMRO Capital.
