SAN FRANCISCO (S&P Global Ratings) Sept. 29, 2020--Ivanti Software Inc. has entered into a definitive agreement to acquire MobileIron Inc. and Pulse Secure LLC. We view this as a transformative acquisition that could double the company's revenue scale and grow its portfolio within the information technology asset management space. Ivanti will likely fund the acquisitions using debt and new equity contributions from TA Associates, which is looking to join Ivanti's existing sponsor, Clearlake Capital Group L.P. Our 'B-' rating on Ivanti is unchanged. We will comment on the transaction once we know more.
