Clearlake Capital-Backed Syncsort Closes Acquisition of Data Quality Leader Trillium Software
PEARL RIVER, N.Y. and SANTA MONICA, Calif., Dec. 23, 2016 /PRNewswire/ -- Syncsort Incorporated ("Syncsort"), the global leader in Big Iron to Big Data solutions backed by Clearlake Capital Group, L.P. ("Clearlake"), today announced that it has completed the acquisition of Trillium Software ("Trillium"), a leading global provider of data quality solutions, from Harte Hanks, Inc. (NYSE: HHS). The combination will enable customers to seamlessly harness all their valuable data assets for greater business insights by applying high-performance and scalable data movement, transformation, profiling and quality across the most demanding enterprise environments.
The Trillium acquisition represents a significant milestone in Syncsort's growth strategy, complementing its high-performance data integration solutions with Trillium's market-leading data quality software. Together, Syncsort and Trillium are well positioned to lead the market in addressing an expanded number of use cases across traditional data management technology stacks and emerging Hadoop and cloud environments.
"Adding Trillium's products and expertise to the Syncsort family greatly enhances our brand in the data integration space and the value we can deliver to customers through broader capabilities and increased scale," said Josh Rogers, CEO, Syncsort. "Trillium has been recognized for years as a leader in data quality solutions by influential industry analyst firms in their market research. This complements Syncsort's reputation for high-performance data integration software and emergence in Hadoop, metadata and real-time data management, offering us significant opportunities to help enterprises with their most complex data management challenges, spanning traditional and Big Data environments."
"The combination of Syncsort and Trillium is a major win for both companies and their customers, creating a larger, stronger Syncsort with a fortified solutions portfolio that further establishes the Company as a platform for accelerated organic and acquisition-based growth," added Behdad Eghbali and Prashant Mehrotra of Clearlake. "Now with market-leading data integration and data quality solutions, Syncsort is well-positioned to meet enterprises' growing needs around Big Data and work in both legacy systems as well as open systems data environments such as Hadoop."
In November 2016, Trillium was recognized as a Leader in Gartner's Magic Quadrant for Data Quality Tools for the 11th consecutive year.*
Credit Suisse, Antares Capital and SunTrust Robinson Humphrey are providing fully committed debt financing for the transaction. Foros served as the financial advisor to Harte Hanks. Credit Suisse, Evercore and SunTrust Robinson Humphrey served as the financial advisors to Syncsort.
About Syncsort
Syncsort is a provider of enterprise software and the global leader in Big Iron to Big Data solutions. As organizations worldwide invest in analytical platforms to power new insights, Syncsort's innovative and high-performance software harnesses valuable data assets while dramatically reducing the cost of mainframe and legacy systems. Thousands of customers in more than 85 countries, including 87 of the Fortune 100, have trusted Syncsort to move and transform mission-critical data and workloads for nearly 50 years. Now these enterprises look to Syncsort to unleash the power of their most valuable data for advanced analytics. Whether on-premise or in the cloud, Syncsort's solutions allow customers to chart a path from Big Iron to Big Data. Experience Syncsort at www.syncsort.com.
About Trillium Software
Trillium Software, a Syncsort company, is a leading provider of global enterprise data-quality solutions. We enable business and IT leaders to anticipate opportunities, uncover hidden risks and make better decisions by rapidly providing them with complete, accurate and trusted data in everything they do. Trillium's full complement of technologies and services includes global data profiling, data cleansing, enrichment and data linking for e-business, Big Data, customer relationship management, data governance, enterprise resource planning, supply chain management, data warehousing, and other enterprise applications. For more information about Trillium Software and its offerings, visit www.trilliumsoftware.com.
About Clearlake
Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.SM The firm's core target sectors are industrials and energy; communications, software, and technology-enabled services; and consumer. Clearlake currently has over $3 billion of assets under management and its senior investment principals have led or co-led 90 investments in traditional buyouts, corporate carve-outs, recapitalizations, turnarounds and restructurings, structured equity and credit, and other special situations as well as public equity and secondary debt. More information is available at www.clearlake.com.
Media Contacts:
For Syncsort and Trillium
Michael Kornspan, Syncsort, mkornspan@syncsort.com, 201-930-8216
Sarah Borup, SHIFT Communications, syncsort@shiftcomm.com, 617-779-1803
For Clearlake Capital Group
Owen Blicksilver Public Relations, Inc.
Kristin Celauro, kristin@blicksilverpr.com, 732-264-1131
Jennifer Hurson, jennifer@blicksilverpr.com, 845-507-0571
*Gartner "Magic Quadrant for Data Quality Tools" by Saul Judah, Mei Yang Selvage, Ankush Jain. November 23, 2016.
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SOURCESyncsort Incorporated
