LeanIX, a platform that enables Corporate IT and Product IT teams to plan and manage their Continuous Transformation journeys, has announced the acquisition of Cleanshelf Inc.
Headquartered in San Francisco, Cleanshelf is an enterprise software-as-a-service (SaaS) management solution with more than 3,000 integrations and it currently manages $700 million in SaaS spend for its customers.
“Cleanshelf SaaS management and LeanIX’s Application Portfolio Management complement each other perfectly,” explains LeanIX CEO André Christ. “For large organizations, the new offering increases the level of automation and thus also the data quality of their application portfolio, which is a permanent challenge with traditional EA tools. Smaller and younger companies can now manage their application portfolio even faster, as they can rely on a direct capture of their SaaS landscape without having to go through a lengthy roll-out.”
Cleanshelf founder and CEO Dusan Omercevic will drive product development in SaaS management as LeanIX VP Product SaaS Intelligence and Managing Director Slovenia. He will also lead the Slovenian office in Ljubljana. “We are excited to become part of the LeanIX family,” he emphasised. “We have a strong enterprise focus with our fully SOC2-compliant technology. This vision is a perfect fit for LeanIX – the Google Maps for IT. And, we can deliver immediate value to the entire LeanIX customer base.”
Cleanshelf investor Dawn Capital becomes a new shareholder in LeanIX. This comes only nine months after an $80 million Series D funding of LeanIX led by Goldman Sachs, and with participation from Insight Partners and DTCP (Deutsche Telekom Capital Partners).
To implement the acquisition, Cleanshelf was supported by GP Bullhound as exclusive financial advisor. PwC and Mintz acted as legal advisors to LeanIX.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.