Monday, November 6, 2017

Clearlake Capital Backs MetricStream In $65M Funding Round

Santa Monica-based private equity investor Clearlake Capital has led a $65M investment round in risk management application developer MetricStream, Clearlake said this morning. Clearlake said the funding also included EDBI, Goldman Sachs, Sageview Capital, and others. Clearlake's Prashant Mehrotra has join MetricStream's board as part of the funding round. MetricStream is based in Palo Alto, California. The company is a developer of enterprise risk mangaement, corporate governance, regulatory compliance, vendor governance, and quality management software.