Clearspan Carve-Out
By Press Release
Searchlight Capital Partners and Abry Partners Announce Completion of Clearspan Carve-Out
Clearspan Moves Forward as Standalone Cloud Communications Company
October 21, 2020 10:00 AM Eastern Daylight Time
PLANO, Texas — (BUSINESS WIRE) — Searchlight Capital Partners, L.P. (“Searchlight”), a leading private investment firm with investments in North America and Europe, and Abry Partners (“Abry”), a Boston-based sector focused private equity firm, today announced the successful carve-out of Mitel’s Clearspan Division. As a standalone company, Clearspan will be exclusively focused on delivering innovative cloud communications solutions for service providers, large enterprises, governments, and educational institutions.
The newly established Board of Directors for Clearspan appointed Bill Crank as Chief Executive Officer. “With two experienced private equity sponsors in Searchlight and Abry, talented and committed employees, and a defined vision for the future, Clearspan is well positioned to accelerate already impressive growth,” said Bill Crank, CEO of Clearspan.
Clearspan’s history spans 40 years, evolving through multiple acquisitions and name changes. Several current customers date back to its original inception, highlighting the company’s relentless focus on creating, deploying, and supporting innovative solutions that continuously redefine reliability, scalability, and operational efficiency.
“Clearspan has built a reputation of excellence in creating and supporting comprehensive communication and collaboration solutions, both on-premises and in the cloud. Our private equity sponsors recognized the best way to fully capitalize on the market opportunity was to create a standalone business. The transaction allows Clearspan to focus exclusively on what matters most – creating and deploying innovative solutions for service providers and large organizations that deliver superior end user experiences,” said Bill Crank.
About Clearspan
Clearspan powers ubiquitous unified communications solutions that help the world’s largest organizations digitally transform the way they work. For over forty years, we’ve enabled service providers and large organizations with innovative solutions and operational efficiency at scale. Our standards-based architecture uniquely delivers the carrier grade reliability, scalability, and security required – without sacrificing the flexibility to seamlessly integrate both modern and legacy business applications and environments. Learn more at www.ClearspanCloud.com.
About Searchlight Capital Partners
Searchlight is a global private investment firm with over $7 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.
About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $82.0 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds. For more information on Abry, please visit www.abry.com.
Contacts
Clearspan:
John Dumbleton
469-365-3335
Searchlight Capital Partners:
Ryan FitzGibbon
Prosek Partners
646-818-9234
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