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

Ivanti Inc., backed by private equity firm Clearlake, reported a significant 21% decline in second-quarter earnings and revenue, signaling challenges in its business transition. The cybersecurity software company's performance has struggled despite shifting to a subscription-based model, which was intended to drive growth. The disappointing results raise concerns about Ivanti's ability to meet lender expectations and successfully execute its strategic transformation.