Syncsort, a provider of big data software, has sold its Data Protection business to an investor group formed by members of its executive management team, industry veterans Robert Belau and Ken Barth of Bedford Venture Partners, and established Syncsort investor Windcrest Partners. The move completes a "planned separation" announced earlier this year that is intended to enable Syncsort to devote greater attention and investment to each line of business.
The investor group has created a new Data Protection company as part of the acquisition, and invested additional capital to accelerate the development and growth of the business. Syncsort’s Data Protection business has over 1,200 customers and partners worldwide, and last week launched its new cloud-based technology platform and category-defining ECX Enterprise Catalog software. After an initial transition period during which the new company will continue to use the Syncsort trademark, it will unveil a new company name and branding.
Syncsort said that Flavio Santoni and his management team will continue to lead the new Data Protection company.
Apart from Syncsort’s sale of its Data Protection business and Syncsort’s acquisition of the Circle Computer Group, Syncsort recently formed partnerships with Cloudera, Tableau, Fujitsu and Appfluent to advance its capabilities for accessing and offloading data from legacy platforms using next-generation systems such as Apache Hadoop.