Azini Sells ClusterSeven
Azini Capital has completed the sale of portfolio company ClusterSeven Ltd to Mitratech Holdings Inc.
ClusterSeven, based in London, U.K., provides a unique and innovative solution for discovering, managing and monitoring “Shadow IT” – the hidden, sensitive End User Computer (EUC) applications, spreadsheets, data assets and other applications that lie outside of IT’s control but that an organization relies upon. With ClusterSeven, users can efficiently identify, track, audit, inventory and manage EUCs to identify and mitigate risk using easy-to-use dashboards, regular reports, and exception alerts. All without affecting the agility EUCs can bring to the business or user productivity..
Mitratech is a proven global technology partner for corporate legal, risk, and compliance professionals, offering a proven portfolio of end-to-end solutions that spread operational best practices throughout the enterprise, standardizing processes and accelerating time-to-value. That helps legal and GRC teams rise to the challenge of serving the evolving needs of the modern, dynamic enterprise.
Nick Habgood, Managing Partner of Azini Capital and board director of ClusterSeven commented, “ClusterSeven is an excellent exit for our Azini 3 fund. Mitratech is a great home for ClusterSeven and we wish them all the very best of luck for the future.”