Clearlake Capital Group, L.P. has completed the acquisition of Syncsort. Financial terms of the transaction were not disclosed.
Headquartered in Woodcliff Lake, NJ, Syncsort provides enterprise-grade software that spans platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe.
“Our organic product investments and related software acquisitions over the last couple of years have been singularly focused on one of the most important secular growth opportunities in the technology industry today: demand for software that liberates data and existing budgets for use in advanced machine learning and business intelligence systems,” said Lonne Jaffe, CEO of Syncsort. “This significant investment from Clearlake will allow Syncsort to double-down on our successful strategy and to deliver meaningful value for customers.”
With the transaction complete, Syncsort can now leverage Clearlake’s l resources to propel its growth strategy and build on several technology alliances Syncsort recently forged with vendors such as Splunk, Amazon Web Services, Cloudera, Hortonworks, MapR, Dell and Tableau.
Clearlake executives including Behdad Eghbali, Prashant Mehrotra, and Paul Huber have joined Syncsort’s board of directors.
More information is available at www.clearlakecapital.com and www.syncsort.com.