Clearlake buys a big slice of NetDocuments

Clearlake Capital Group LP (together with its affiliates, “Clearlake”) just announced that it has reached a definitive agreement in partnership with management to acquire NetDocuments (the “Company”), a provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. The Company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.