WOODCLIFF LAKE, N.J. and
SANTA MONICA, Calif., Nov. 30, 2016 /PRNewswire/ -- Syncsort
Incorporated ("Syncsort"), the global leader in Big Iron to Big
Data solutions backed by Clearlake Capital Group, L.P.
("Clearlake"), today announced
that it has signed a definitive agreement with Harte Hanks, Inc.
(NYSE: HHS) to acquire Trillium Software ("Trillium"), a leading
global provider of data quality solutions. The acquisition of
Trillium will be the largest in Syncsort's history, and brings
together market-leading data quality and data integration
technology to deliver value at scale in the most demanding
enterprise environments. The transaction is subject to regulatory
approvals and other customary closing conditions.
The combination of Syncsort and Trillium's complementary product
set will enable enterprise customers to seamlessly harness all
their valuable data assets for greater business insights, applying
high-performance and scalable data movement, transformation,
profiling and quality across traditional data management technology
stacks and emerging Hadoop and cloud environments.
"With most large enterprises making significant investments in
Big Data for business and operational analytics, core data
integration and data quality workloads are moving into Hadoop at a
rapid pace," said Josh Rogers, CEO,
Syncsort. "As a pioneer in bringing high-performance data
integration software to the Hadoop ecosystem, Syncsort sees an
opportunity to extend our unique value with Trillium's proven,
best-of-breed data quality products. Together, we are a clear
leader in the data integration and data quality market, and the
logical choice for large enterprises seeking to chart a path to
Hadoop. We look forward to working closely with Trillium's
customers and investing in the great products they have come to
rely on."
Syncsort and Trillium both have a substantial number of large
enterprise customers seeking to generate new insights by combining
traditional corporate data with new information sources from
mobile, online, social and Internet of Things ("IoT"). These
organizations will continue to rely heavily on next-generation
analytic capabilities, creating a growing need for best-in-class
data integration and quality solutions to make their Big Data
initiatives successful. Together, Syncsort and Trillium will
continue to have a strong focus on providing customers with these
capabilities for traditional environments, while leading the
industry in delivering them for Hadoop and Spark.
"Syncsort has long been a recognized leader in data integration
software, and we are excited to partner with Josh and the
management team to expand Syncsort's product portfolio to include
data quality," added Behdad Eghbali
and Prashant Mehrotra of
Clearlake. "Combining Syncsort and
Trillium creates a leading data integration and data quality
software provider of significant scale and further establishes the
Company as a platform for accelerated organic and acquisition-based
growth. With this acquisition, Syncsort continues to be
well-positioned to address the significant market trends around Big
Data and to support the needs of our customers."
In November 2016, Trillium was
recognized as a Leader in Gartner's Magic Quadrant for Data Quality
Tools.*
Credit Suisse, Antares Capital and SunTrust Robinson Humphrey
are providing fully committed debt financing for the transaction.
Foros served as the financial advisor to Harte Hanks. Credit
Suisse, Evercore and SunTrust Robinson Humphrey served as the
financial advisors to Syncsort.
About Syncsort
Syncsort is a provider of enterprise software and the global
leader in Big Iron to Big Data solutions. As organizations
worldwide invest in analytical platforms to power new insights,
Syncsort's innovative and high-performance software harnesses
valuable data assets while dramatically reducing the cost of
mainframe and legacy systems. Thousands of customers in more than
85 countries, including 87 of the Fortune 100, have trusted
Syncsort to move and transform mission-critical data and workloads
for nearly 50 years. Now these enterprises look to Syncsort to
unleash the power of their most valuable data for advanced
analytics. Whether on-premise or in the cloud, Syncsort's solutions
allow customers to chart a path from Big Iron to Big Data.
Experience Syncsort at www.syncsort.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading private investment
firm founded in 2006. With a sector-focused approach, the firm
seeks to partner with world-class management teams by providing
patient, long-term capital to dynamic businesses that can benefit
from Clearlake's operational
improvement approach, O.P.S.SM The firm's core target
sectors are industrials and energy; communications, software, and
technology-enabled services; and consumer. Clearlake currently has over $3 billion of assets under management and its
senior investment principals have led or co-led 90 investments in
traditional buyouts, corporate carve-outs, recapitalizations,
turnarounds and restructurings, structured equity and credit, and
other special situations as well as public equity and secondary
debt. More information is available at www.clearlake.com.
Media Contacts:
For Syncsort
Michael Kornspan, Syncsort,
mkornspan@syncsort.com, 201-930-8216
Sarah Borup, SHIFT Communications,
syncsort@shiftcomm.com, 617-779-1803
For Clearlake Capital Group
Owen Blicksilver Public Relations, Inc.
Kristin Celauro,
kristin@blicksilverpr.com, 732-264-1131
Jennifer Hurson,
jennifer@blicksilverpr.com, 845-507-0571
*Gartner "Magic Quadrant for Data Quality Tools" by
Saul Judah, Mei Yang Selvage, Ankush
Jain. November 23,
2016.
Gartner Disclaimer
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
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SOURCE Syncsort Incorporated