Clearlake Capital Sells Calero Software

Santa Monica-based private equity investor Clearlake Capital announced today that it has sold off one of its portfolio firms, Calero Software, to private equity investor Riverside Partners. Financial terms of the sale were not announced. Clearlake created Calero in 2013, when it rolled up three companies--Veramark Technologies, PINNACLE, and Movero--into a single entity. Clearlake said that Calero was advised in the deal by Harris Williams and SunTrust Robinson Humphrey.