Overview Key strengths Key risks Vendor-neutral information technology (IT) ops software suite provider, with strong brand recognition for its IT service management (ITSM) and unified endpoint management (UEM) tools. Operates within a competitive landscape and competes against large players such as VMWare, ServiceNow, Microsoft, and IBM. Diverse product and customer base. Financial-sponsor owners with aggressive financial policies. High recurring revenue and low capital intensity. Acquisitive growth strategy exposes it to integration risks. Ivanti's gross revenue grew about 2% in the second quarter of fiscal 2023 (ended June 30, 2023). Its software-as-a-service (SaaS) and subscription revenue increased 19% and 14%, respectively, which more than offset the 12% decline in maintenance revenue. The company is focused on increasing its SaaS and subscription
