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PE-backed ClearCourse Partnership buys Silverbear

ClearCourse Partnership LLP bought membership and customer relationship management solutions provider Silverbear Ltd.

Financial terms of the deal were not disclosed.

Under terms of the transaction, Silverbear founder Mark Travis, CEO Carl Grieves and its current management team will continue to steer the company, according to a Jan. 16 news release. Silverbear will continue to focus on expanding its growth.

ClearCourse is backed by technology-focused private equity firm Aquiline Capital Partners LLC.