Clearlake Capital to acquire Syncsort
Clearlake Capital Group, L.P. has completed the acquisition of Syncsort Incorporated, a global enterprise software provider. Financial terms of the transaction were not disclosed.
Headquartered in Woodcliff Lake, NJ, Syncsort’s previous investors included Georgian Partners, Insight Venture Partners, Bessemer Venture Partners, and other shareholders. The company provides powerful, secure, 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.
With the transaction complete, Syncsort can now leverage Clearlake’s substantial resources to propel its aggressive growth strategy and build on several important technology alliances Syncsort recently forged with industry leaders such as Splunk, Amazon Web Services, Cloudera, Hortonworks, MapR, Dell and Tableau.