Clearlake-Backed Software Maker Ivanti’s Earnings Sink 21%

Ivanti Inc., a cybersecurity software firm backed by private equity firm Clearlake, reported that second-quarter revenue and earnings fell, casting a cloud over its efforts to boost sales. The decline follows the company's transition to a subscription-based business model, which has impacted financial performance as it works to stabilize and grow its operations in a competitive market.