Azini Capital sells ClusterSeven to Hg backed-Mitratech
Private equity firm Azini Capital Partners has sold UK-based software provider ClusterSeven to Hg-backed Mitratech, a US-based developer of legal and compliance software.
Following the deal, the combined group will be able to supply a full spectrum of tools to ensure data privacy, empower information governance and satisfy regulatory oversight, according to Mitratech.
Azini acquired ClusterSeven in June 2015 via its $100m third fund. The GP is backed by Lexington Partners, a global manager of secondary private equity funds with $52bn in committed capital.
Company
Founded in 2003 and headquartered in London with additional offices in New York and Boston, ClusterSeven provides software for discovering, managing and monitoring end user computer (EUC) applications, spreadsheets, user-built databases, modelling tools and data assets.
The company's clients include several global firms, international banks, insurers, investment managers, energy providers and manufacturers.
People
Mitratech – Mike Williams (CEO).
ClusterSeven – Henry Umney (CEO).
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