Clearlake Capital Group, L.P., a private investment firm with a sector-focused approach, has reached a definitive agreement to acquire Syncsort Inc., a global big data enterprise software provider. Financial terms of the transaction were not disclosed.
Headquartered in Woodcliff Lake, NJ, Syncsort provides enterprise-grade software that spans “big iron to big data,” including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe. Syncsort has also recently forged several important technology alliances with industry leaders such as Amazon Web Services, Cloudera, Hortonworks, MapR, Dell, Fujitsu and Tableau.
“We are really looking forward to partnering with Clearlake to continue to grow the company, both organically and through acquisition,” said Lonne Jaffe, CEO of Syncsort. “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.”
Syncsort’s leadership position in both the mainframe and big data software segments makes it “an excellent buy and build platform” to lead consolidation in the industry, which is central to Clearlake’s investment strategy in the software sector, added Behdad Eghbali, managing partner of Clearlake.
Clearlake professionals, including Behdad Eghbali, Prashant Mehrotra, and Paul Huber, will join the board of directors.
More information is available at www.clearlakecapital.com and www.syncsort.com/en/Home.