Egis and ABS Capital takes majority stake in ClearObject
Summary
The acquisition was sourced by Egis, a leading private equity firm, and is consistent with Egis’ strategy to invest in technology-enabled businesses that utilize security infrastructure to drive operational efficiency. Mike Reffeitt, who previously held the role of Chief Business Officer, has been named President of ClearObject and will assume all financial, personnel, and delivery functions of the company while overseeing day-to-day operations. “Egis has a long track record building enterprise businesses that improve operating advantages by taking existing infrastructure and using the data derived from those assets,” said E. Perot Bissell, managing partner at Egis. Based on ClearObject’s experience developing and maintaining cloud-based tools and its success creating high-value IoT products, we are confident the management team led by McDonald and Reffeitt can continue to accelerate growth. Egis is focused on partnering with companies that can benefit from Egis’ industry knowledge, operational and financial expertise, C-level relationships, and proactive ownership model.