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Clearlake Capital-Backed NetDocuments Expands Executive Team to Drive Accelerated Growth

Seasoned Software Industry Executives Josh Baxter Named President & Chief Operating Officer and Michael Gibson Named Chief Revenue Officer

SALT LAKE CITY & SANTA MONICA, Calif.--(BUSINESS WIRE)-- NetDocuments, the leading secure cloud-based document management, email management and collaboration software platform for law firms and corporate legal and compliance departments, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced that two seasoned software industry executives have joined the management team. Josh Baxter has been named President and Chief Operating Officer, and Michael Gibson has joined as Chief Revenue Officer, effective immediately.

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Baxter brings deep expertise in software operations, having previously served as Executive Vice President of Customer Success & Services at Ivanti. At NetDocuments, Baxter will oversee the services and engineering operations and lead M&A execution and integration. “The NetDocuments team has built a tremendous platform and I see many exciting opportunities to help drive growth. Our team’s ambitious product roadmap will serve as our foundation for organic growth, which we will complement with our buy and build platform strategy in partnership with Clearlake,” said Baxter.

An experienced senior sales executive, Gibson joins NetDocuments from ECi Software Solutions, where he served as SVP Worldwide Sales and Marketing. At NetDocuments Gibson will oversee worldwide sales, marketing, and business development initiatives. “NetDocuments has brought together incredible products and talent into a leading secure technology platform, and I am eager to join the team and help accelerate the industry’s transition to the cloud for knowledge workers,” said Gibson.

“We are thrilled to attract these high caliber executives with deep experience scaling software businesses at such a critical time of growth for NetDocuments,” said Matt Duncan, CEO of NetDocuments. “These additions better prepare the company to manage our next phase of growth as a cloud-based market leader. Law firms and corporations are embracing the NetDocuments platform more than ever to solve their current content management and security challenges and better position themselves for the future. We are excited for the next chapter of global growth as more firms and companies are making the switch to our secure and trusted cloud platform.”

“When we initially partnered with the NetDocuments team our goal was to invest in the Company to accelerate growth and rapidly scale the product development and sales strategy,” said Behdad Eghbali and Prashant Mehrotra of Clearlake. “With the additions of Josh and Michael to the team, we feel the company is better positioned to execute on this long-term platform growth strategy and more aggressively capitalize on NetDocuments’ position as the leader in secure cloud-based content management.”

About NetDocuments

NetDocuments is the leader in secure cloud-based document management, email management and collaboration software solutions. Founded in 1999 with over 2,000 enterprise customers worldwide, NetDocuments is the trusted cloud-based content management and workflow platform for lawyers and knowledge workers, complete with built-in security, compliance, information governance, disaster recovery, matter centricity, enterprise search, mobility, records management, and collaboration. More information is available at www.netdocuments.com.

About Clearlake

Clearlake is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are software and technology-enabled services; industrials and energy; and consumer. Clearlake currently has over $3.5 billion of assets under management, and its senior investment principals have led or co-led over 100 investments. More information is available at www.clearlake.com.

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NetDocuments
Marriott Murdock, 801-722-6625
press@netdocuments.com
or
For Clearlake:
Owen Blicksilver Public Relations, Inc.
Kristin Celauro, 732-433-5200
kristin@blicksilverpr.com
or
Jennifer Hurson, 845-507-0571
jennifer@blicksilverpr.com

Source: Clearlake Capital Group, L.P.