Five Minute Briefing - Information Management
October 14, 2015
Five Minute Briefing - Information Management: October 14, 2015. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
Clearlake Capital Group, L.P., a private investment firm with a sector-focused approach, has reached a definitive agreement to acquire Syncsort Inc., a global big data enterprise software provider. Financial terms of the transaction were not disclosed. Headquartered in Woodcliff Lake, NJ, Syncsort provides enterprise-grade software that spans "big iron to big data," including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe.
Until the safe harbor agreement between U.S. and Europe was ruled invalid recently in a European court, it was understood that for any European company the U.S. was safe, and the data security in the U.S. was acceptable. But the recent ruling by the European Court of Justice says that is "actually not true," said Andreas Gauger, chief marketing officer and cofounder of Profitbricks, a cloud computing IaaS company. Now, a new agreement will have to be forged between the different entities. "Now that band-aid has been ripped off and the wound is open. Now they have to sit down and finally agree on something."