The parent company of supply chain mobile device management provider Wavelink Corp. has acquired a British firm that provides software asset management (SAM) solutions, making a move to build its stable of IT management tools.

Salt Lake City-based Ivanti Software Inc. has acquired Concorde Solutions, a Reading, U.K.-based vendor of software-as-a-service (SaaS)-based software asset management tools, Ivanti said. The purchase could help Ivanti capture a bigger slice of the $332 billion global corporate software market by offering Concorde's services as a software optimization expert that can help organizations determine effective license positions and manage their entire software asset portfolios, according to Ivanti.

Terms of the acquisition were not disclosed.

Ivanti is the brand name created in January after venture capital firm Clearlake Capital Group LP merged two of its holdings, LANDesk Software Inc.—with its Wavelink division—and Heat Software Inc. The combination formed Ivanti, an IT management firm that helps enterprise-size clients adjust their IT operations and security practices to allow for growing trends such as dispersed workforces and cloud-based computing platforms.

Ivanti is continuing to sell Wavelink products through its supply chain division, which includes warehouse productivity tools such as Avalanche enterprise mobility management, Velocity touchscreen application development, Speakeasy voice enabled picking, Host Connectivity, and Smart Device Remote Control.

Buying Concorde Solutions is Ivanti's ninth acquisition in five years, and is intended to build the firm's IT Asset Management (ITAM) offerings, the company said.

"With this acquisition, Ivanti is advancing its lead in SAM by filling a critical unmet need within the greater ITAM ecosystem," Ivanti CEO Steve Daly said in a release. "By bringing together Concorde's software licensing expertise and Ivanti's asset intelligence and endpoint management capabilities, we're providing customers total asset management from a single point of control."

Concorde's license optimization technology allows customers to manage and optimize software licensing both for client-side applications and for complex, server-based enterprise products like those offered by Oracle, Microsoft, VMware, and IBM. Operating at the heart of software asset management, Concorde's Core Control addresses license compliance, purchasing efficiency, change management and service management, Ivanti said.