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Clearlake Launches Calero Software After Merger


January 06, 2014

Clearlake Capital Group has announced the formation of Calero Software, LLC, a provider of communications lifecycle management (CLM) software and related solutions.

Calero will include the business operations of Veramark Technologies (News - Alert), Inc. and PINNACLE, which together have more than 50 years of telecommunications expense management software experience. In addition, Calero includes Movero, a mobility management services expert and a trusted technology partner to more than 4,000 customers throughout the United States and in more than 40 other countries.

The combined Calero organization thus already has an established global presence with sales and support personnel located around the world.  Moreover, the management team of Calero will include senior team members from Movero, PINNACLE and Veramark. 

Kevin A. Wood, executive chairman of Calero and operating advisor at Clearlake Capital Group said, “Enterprises need a true partner who will ensure they have the right technology and processes in place to manage all business communications management needs. Calero brings enhanced product offerings, deep expertise and world-class management, and is poised to serve as the global CLM partner of choice. With strong financial backing and operational expertise from Clearlake, we are committed to building Calero via organic growth and acquisition, ultimately providing more dynamic and expanded services to current and future customers.”

This combined company seeks to offer communications expense management, managed mobility services, and mobile device management products and solutions. Each of the component companies have been previously recognized by Gartner (News - Alert) Inc. as members of the magic quadrant for Telecom Expense Management, presenting a compelling foundation for market leadership.

Larry Foster of PINNACLE said in a statement, “This combination ushers in a new dimension of focused operational control and at the same time creates a global CLM powerhouse serving thousands of enterprise customers, many of which are Fortune 500 companies and premiere public institutions.”




Edited by Blaise McNamee