Brightly, formerly known as Dude Solutions and now a Siemens company after being acquired last year for $1.6 billion, has three new members of its executive team.
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The Cary-headquartered Brightly Software, formerly known as Dude Solutions, will be bought by Siemens for nearly $1.6 billion, plus an earn-out.
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Cary-based Dude Solutions, which is backed by a private equity company, will now operate with a new name, new brand, and new vision: Brightly Software.
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Dude Solutions is accelerating its drive for more growth by acquiring a software firm focusing on the expanding environmental, social and governance, or ESG, optimization market.
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Cary’s Dude Solutions makes another acquisition funded by a credit facility despite layoffs earlier this year.
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Dude Solutions, a software-as-a-service provider of operations management solutions, has a new chief financial officer.
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The executive chairman of Cary-based Dude Solutions is taking over as its chief executive officer effective immediately after having served as interim CEO, the company’s owner Clearlake Capital Group says.
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It represents the company’s eighth acquisition in the past six years, and its second under sponsorship from Clearlake.
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As the pandemic continues, a growing number of startups and venture-back companies are making tough cost cuts to stay afloat, according to a new survey as reported in PitchBook.
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