PEARL RIVER, N.Y. and
SANTA MONICA, Calif., Dec. 23, 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 completed the acquisition of Trillium Software
("Trillium"), a leading global provider of data quality solutions,
from Harte Hanks, Inc. (NYSE: HHS). The combination will enable
customers to seamlessly harness all their valuable data assets for
greater business insights by applying high-performance and scalable
data movement, transformation, profiling and quality across the
most demanding enterprise environments.
The Trillium acquisition represents a significant milestone in
Syncsort's growth strategy, complementing its high-performance data
integration solutions with Trillium's market-leading data quality
software. Together, Syncsort and Trillium are well positioned to
lead the market in addressing an expanded number of use cases
across traditional data management technology stacks and emerging
Hadoop and cloud environments.
"Adding Trillium's products and expertise to the Syncsort family
greatly enhances our brand in the data integration space and the
value we can deliver to customers through broader capabilities and
increased scale," said Josh Rogers,
CEO, Syncsort. "Trillium has been recognized for years as a leader
in data quality solutions by influential industry analyst firms in
their market research. This complements Syncsort's reputation for
high-performance data integration software and emergence in Hadoop,
metadata and real-time data management, offering us significant
opportunities to help enterprises with their most complex data
management challenges, spanning traditional and Big Data
environments."
"The combination of Syncsort and Trillium is a major win for
both companies and their customers, creating a larger, stronger
Syncsort with a fortified solutions portfolio that further
establishes the Company as a platform for accelerated organic and
acquisition-based growth," added Behdad
Eghbali and Prashant Mehrotra
of Clearlake. "Now with
market-leading data integration and data quality solutions,
Syncsort is well-positioned to meet enterprises' growing needs
around Big Data and work in both legacy systems as well as open
systems data environments such as Hadoop."
In November 2016, Trillium was
recognized as a Leader in Gartner's Magic Quadrant for Data Quality
Tools for the 11th consecutive year.*
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 Trillium Software
Trillium Software, a Syncsort
company, is a leading provider of global enterprise data-quality
solutions. We enable business and IT leaders to anticipate
opportunities, uncover hidden risks and make better decisions by
rapidly providing them with complete, accurate and trusted data in
everything they do. Trillium's full complement of technologies and
services includes global data profiling, data cleansing, enrichment
and data linking for e-business, Big Data, customer relationship
management, data governance, enterprise resource planning, supply
chain management, data warehousing, and other enterprise
applications. For more information about Trillium Software and its
offerings, visit www.trilliumsoftware.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 and Trillium
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