Data integrity platform provider Precisely recently announced that it will be acquired by Clearlake Capital Group and TA Associates, according to a press release. Precisely CEO Josh Rogers will continue to lead the company alongside the current management team. Once the transaction is complete, Clearlake and TA Associates will become the majority shareholders in Precisely. The announcement comes on the heels of Syncsort re-branding as Precisely from May 2020. Current majority shareholder Centerbridge Partners will retain a minority stake in the firm.
Precisely’s solution portfolio is broken into five distinct categories based on the use case. Integrate is its data integration line that features Precisely Connect, Ironstream, Assure, and Syncsort. The Verify unit of data quality tools includes Precisely Spectrum Quality, Spectrum Context, and Trillium. The location intelligence line (Locate) touts Precisely Spectrum Spatial, Spectrum Geocoding, and MapInfo, while Enrich features Precisely Streets, Boundaries, Points Of Interest, Addresses, and Demographics. There’s also Precisely Engage on the company’s Engage unit.
In a media statement on the news, Precisely CEO Josh Rogers said “Clearlake and TA Associates have experience partnering with software companies like Precisely that solve complex, critical business challenges and driving accelerated growth through operational best practices and M&A strategies to help them maximize their potential. I am excited to begin this next phase in the Company’s evolution with our long-time partners at Clearlake and am thrilled to welcome TA and their expertise to the team. I also want to thank Centerbridge Partners for their guidance and support over these past four years, and I am delighted they will continue as a minority investor in Precisely.”
Read Gearing Up for the Next Phase of Growth at Precisely with New and Familiar Backers in the company’s blog to learn more about the transaction.