Dodge Construction Network (“Dodge” or the “Company”), a portfolio company of Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”) and STG Partners, LLC (“STG”), today announced significant business milestones including executive changes and the successful closing of a financing transaction.

Dodge raised $100 million of new capital and extended debt maturities, further bolstering its liquidity position and financial flexibility. The transaction is open to holders of all of its existing first lien and second lien term loans.

Dodge also announced today that Andrew Somosi has been appointed as the Company’s new Chief Executive Officer, replacing Daniel McCarthy, who is stepping down. Mr. Somosi was most recently Head of the Americas at Gerson Lehrman Group (GLG), and previously held leadership roles at Nielsen, Lattice Engines and LexisNexis, after beginning his career at McKinsey & Company.

In addition, Johann Dudley has joined Dodge as Chief Product Officer. Mr. Dudley most recently held product leadership roles at Flywheel Digital (acquired by Omnicom) and Nielsen.

“I am excited to join Dodge to help drive its next chapter of growth and business transformation. In my extensive research preparing for my role, I was impressed by the breadth and scale of Dodge’s lead-generation, marketing, analytics and consulting solutions, which empower tens of thousands of companies to grow their businesses in the multi-trillion dollar U.S. commercial construction industry,” said Mr. Somosi. “We are pleased with the successful completion of this transaction, which strengthens our financial position and provides ample flexibility to pursue growth and innovation. The continued support of Clearlake and STG highlight their confidence in Dodge’s opportunities and potential.”

“This new capital and the strengthening of the leadership team represent important milestones on Dodge’s journey,” said Ben Kruger, Principal at Clearlake and Adam Hendricks, Managing Director at STG. “We thank Dan for his service and look forward to supporting Andrew and the Dodge team in its quest to serve the commercial construction industry and power its customers’ growth.”

About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced 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 technology, industrials, and consumer. Clearlake currently has over $85 billion of assets under management and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland Singapore and Abu Dhabi, UAE.

About STG
STG is a private equity partner to market-leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 50 global companies.

About Dodge Construction Network
Dodge Construction Network harnesses data, analytics, and industry connections to be the leading source of insights and opportunities in the commercial construction industry. With five trusted solutions-Dodge Construction Central, The Blue Book, Sweets, IMS, and Principia-Dodge connects construction professionals across all stages of the building process. Designed for both small teams and large enterprises, these tools simplify complexity, empowering you to build thriving businesses and communities. With over a century of experience, Dodge Construction Network is the catalyst for modern construction. 

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Wokingham, UK: TaxCalc, a leading provider of tax and accounts compliance and practice management software, renowned for its customer-centric approach and its commitment to scalable, intuitive, and high value software, announced that it has received a significant investment from the STG Allegro fund.

The company intends to partner with STG and to use the capital to continue enhancing its product offerings, invest in customer success, and introduce new innovative offerings to deliver value for its growing accounting firm customers as these firms migrate away from legacy and under-invested tax compliance and practice management software solutions.

Founded in 2004 by Tracy Ebdon-Poole, TaxCalc has become one of the most trusted brands in the UK tax and accounting software sector. TaxCalc has been focused on providing high levels of customer support and a relentless drive for improvement and new product development.

Under Ebdon-Poole’s leadership, TaxCalc has grown from a small team of five to an industry leader, with over 110 employees and over 11,000 accounting firm customers. In recent years, TaxCalc has expanded its capabilities to address a growing customer base through market-leading products such as WorkFlow, Communications Centre, AML Centre, FRS 102 MLA, and Group Accounts, all available via the unique CloudConnect service.

The company has achieved significant success, often winning major industry accolades, including AccountingWEB’s Software Excellence Awards and the Institute of Certified Bookkeepers LUCA Awards.

“Our mission at TaxCalc is to provide cutting-edge, reliable, and trusted tax compliance and accountancy software that is intuitive and delivers exceptional value. I am thrilled that TaxCalc will be partnering with STG to continue to support our customers in this mission.” said Tracy Ebdon-Poole, Founder, TaxCalc. “STG has a strong track record of growing software companies with their focus on customer-driven product innovation, customer service, and strategic transformation. After a very careful selection process, STG’s track record of partnering with and growing industry-leading software businesses, with a focus on customer centricity, stood out to us. We are excited to welcome STG as an investor in TaxCalc.”

Umang Kajaria, Managing Director, Co-Lead of STG Allegro said, “The pace of innovation coming out of TaxCalc reflects their commitment to their customers, as well as their ability to understand the needs of the accounting firms. We have been impressed by TaxCalc’s focus on providing high quality, reliable software at great value. We look forward to partnering with the TaxCalc management team to continue delivering best-in-class software, product innovation and support to their highly valued accounting firm customers.”

About TaxCalc

Founded in 2004, TaxCalc is a trusted provider of tax and accounting software, trusted by over 11,000 UK accountants. With a focus on providing innovative and easy-to-use software at a great value, TaxCalc focuses on expanding its offering to meet the evolving needs of accountants. TaxCalc has a comprehensive set of software solutions that support UK-based accountancy firms of all sizes with tax compliance, accounts production, and practice management solutions. TaxCalc continues to provide solutions to address practices’ compliance needs with MTD tax solutions and Charity Accounts in development due for launch in 2025.

About STG

STG is a private equity partner to market-leading companies in data, software, and analytics. The firm brings experience, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market-winning portfolio companies, STG creates sustainable foundations for growth that bring value to existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 50 global companies.

For more information, please contact:

Andy North, Chief Marketing Officer
andy.north@taxcalc.com
01189 364 865

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“SFX Insights is a transformative solution for talent acquisition teams and supports our mission to provide our clients with the tools they need to expertly advance talent and teams,” says Kermit Randa, CEO of Symphony Talent. “By delivering precise and actionable insights throughout the recruitment funnel, our clients can make more informed decisions, optimize their recruiting efforts, and ultimately achieve superior hiring outcomes.”

“SFX Insights has been a game-changer for us,” said Beta client Amber Weaver, Vice President of Talent Acquisition at ADT. “The platform provides a comprehensive look at the candidate lifecycle, allowing us to create a premium recruitment experience. From initial outreach to final hires, we’re able to leverage the insights to improve our recruitment outcomes and focus on what matters most to bring in the best talent.”

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Rob Stone, CEO of Onclusive, stated, “The full integration of Digimind as Onclusive Social represents a pivotal moment in our mission to provide the most comprehensive media intelligence solutions in the industry. By bringing Digimind’s cutting-edge social listening capabilities under the Onclusive brand, we are uniquely positioned to offer our clients unparalleled insights across all media channels with a seamless, integrated experience.”

Digimind Co-Founder Patrice Francois commented, “Rebranding as Onclusive Social is more than a name change; it’s a testament to our full integration and shared vision. As Onclusive Social, we’re excited to bring our advanced social listening and intelligence capabilities to a broader client base, helping organisations make more informed decisions based on comprehensive media insights.”

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“SFX Insights is a transformative solution for talent acquisition teams and supports our mission to provide our clients with the tools they need to expertly advance talent and teams,” says Kermit Randa, CEO of Symphony Talent. “By delivering precise and actionable insights throughout the recruitment funnel, our clients can make more informed decisions, optimize their recruiting efforts, and ultimately achieve superior hiring outcomes.”

“SFX Insights has been a game-changer for us,” said Beta client Amber Weaver, Vice President of Talent Acquisition at ADT. “The platform provides a comprehensive look at the candidate lifecycle, allowing us to create a premium recruitment experience. From initial outreach to final hires, we’re able to leverage the insights to improve our recruitment outcomes and focus on what matters most to bring in the best talent.”

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TSIA World ENVISION looks toward the future of business opportunities. Wrike’s participation aligns with the event’s goal of providing solutions for today’s pressing challenges, while supporting future trends with the flexibility and power of its platform for professional services and embedded teams.

For details visit wrike.com.

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“I am thrilled to join Quor as CEO at such a pivotal moment in the company’s journey,” Bruce said. “Quor has a strong reputation for providing best-in-class software, and I look forward to working with the highly experienced and talented team to further enhance our offerings and elevate innovation in the CTRM market. Together, we will navigate the continuously evolving global trading environment and continue to deliver exceptional value to our clients.”

Ishan Manaktala, Operating Partner at STG, added, “Bruce is a dynamic leader with a proven track record of driving growth and operational excellence. We are excited to welcome him as CEO and are confident that his leadership will propel Quor and its customers to new levels.”

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Identity governance and administration (IGA) capabilities provide “a centralized view of who has access, who provided the access, and who has access for how long,” explains the report. IGA is critical to moving toward Zero Trust and preventing threat actors from moving laterally in an environment. IGA also helps organizations provide users with the entitlements they need, fulfill compliance requirements, complete audits.

“Growing numbers of users, devices, entitlements, and environments create a larger, more vulnerable attack surface. That’s why security-first leaders in government financial services, healthcare, energy, manufacturing, and more rely on RSA Governance & Lifecycle to manage and secure more than 13 trillion entitlements across cloud and on-premise IT environments and successfully implement Zero Trust strategies.” said RSA CEO Rohit Ghai.

“Being named a KuppingerCole IGA Overall, Product, Market, and Innovation Leader for six consecutive years underscores the core features that have always been central to RSA Governance & Lifecycle as well as the innovations that we’ve continued bringing to the solution,” said RSA Chief Product and Technology Officer Jim Taylor. “By bringing new features like gamification to make compliance processes more engaging to advanced dashboards that help analysts triage high-priority risks, RSA is continuing to bring innovations to market that help our customers defend a growing attack surface.”

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With xTuple Analytics, customers can enhance reporting in xTuple ERP by analyzing key performance data across their organization with an integrated data analysis platform. The solution enables users to easily automate reporting processes, visualize data for performance trends, eliminate manual reporting tasks, and customize dashboards to fit the needs of their organization.

“xTuple ERP users will now have the ability to access valuable data and insights with regularity and ease, allowing businesses to make strategic decisions and identify process improvements,” said David Beauchamp, Vice President of Development at CAI. “This solution was designed based on customer input and feedback, is easy to use, and we want to thank all who participated.”

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“Through our years of partnerships with federal agencies and F100 companies, we have worked diligently to enhance cybersecurity and have played a role in evolving Zero Trust guidelines and requirements. A zero trust approach demands continuous identification of who and what can access sensitive IT assets. We excel in creating a dynamic network model to support this need,” said Greg Enriquez, CEO of RedSeal. “This award from CyberSecurity Breakthrough reinforces our commitment to delivering best-in-class cybersecurity solutions. We’ll continue to deliver these types of solutions to ensure our clients stay ahead of cyber adversaries and thwart potential attacks.”

“RedSeal is unique in its ability to provide a single source of truth amid increasing hybrid network complexity, persistent skills challenges, and evolving threats. As bad actors use sophisticated methods, zero trust focuses on securing data. Today’s cyber threats are relentless, making it imperative for enterprises to have a comprehensive understanding of all attack paths,” said Steve Johansson, managing director, CyberSecurity Breakthrough. “RedSeal helps organizations confidently implement a zero trust framework by delivering comprehensive visibility, control, and continuous compliance across hybrid environments. It’s our pleasure to award RedSeal with ‘Zero Trust Network Access Solution of the Year.’”

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