Big Data Consolidation: Clearlake Capital Acquires Syncsort
In a recent press release, Syncsort, a global Big Data enterprise software provider and one of the top vendors in the Data Integration market announced that Clearlake Capital Group would acquire them. In the statement, the company notes: “Clearlake Capital Group, L.P. (“Clearlake”) today announced that it has reached a definitive agreement to acquire Syncsort Incorporated.” Financial details are not yet known.
Syncsort provides a powerful, secure, enterprise-grade software tool that includes analytical platforms such as Hadoop, Splunk, Spark, and the cloud. Syncsort has been a player in enterprise technology for more than 40 years and has developed a track record for delivering innovation for the most important industrial-scale data platforms in the world, giving companies the ability to collect, integrate, sort and distribute more data in less time with fewer resources and lower costs.
In recent months, Syncsort has formed alliances with industry leaders like Splunk, Amazon Web Services, Cloudera, Hortonworks, MapR, Dell, Fujitsu and Tableau.
Syncsort’s CEO Lonne Jaffe weighs in on the acquisition: “We are really looking forward to partnering with Clearlake to continue to grow the Company, both organically and through acquisition. Clearlake’s proven track record in software investing and substantial resources will be instrumental in our continuing to deliver best-in-class software to our customers and partners and to create lasting value for our business. It is very exciting for us that Clearlake shares our vision for accelerating growth and is investing in our successful technical strategy.”
Syncsort currently has customers in more than 85 countries, including 87 of the Fortune 100 companies.
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