Syncsort has announced that it has signed a definitive agreement with Harte Hanks, Inc. to acquire Trillium Software.
Syncsort, Inc. is a provider of IT solutions spanning “big iron to big data,” including next-gen analytical platforms such as Hadoop, cloud, and Splunk, and is backed by Clearlake Capital Group, L.P. Trillium is a provider of data quality solutions.
The acquisition of Trillium will be the largest in Syncsort's history, and brings together data quality and data integration technology.
The transaction is subject to regulatory approvals and other customary closing conditions.
According to the vendors, the combination of Syncsort and Trillium's complementary product set will enable enterprise customers to gain more value from their data assets, enabling better business insights, high-performance and scalable data movement, transformation, profiling and quality across traditional data management technology stacks and emerging Hadoop and cloud environments.
Many large organizations are making significant investments in big data for business and operational analytics, and so core data integration and data quality workloads are moving into Hadoop at a rapid pace, said Josh Rogers, CEO, Syncsort.
Syncsort, he noted, sees an opportunity to extend its value with Trillium's data quality products to create a unified company in the data integration and data quality market for large enterprises seeking to chart a path to Hadoop.
Syncsort said that Credit Suisse, Antares Capital and SunTrust Robinson Humphrey are providing fully committed debt financing for the transaction.
For more information, go to www.syncsort.com.