Clearlake Capital to Acquire Syncsort

Private equity firm Clearlake Capital Group, L.P., is to acquire Syncsort Incorporated, a Woodcliff Lake, NJ-based global Big Data enterprise software provider.

The financial terms of the transaction were not disclosed. Golub Capital is providing a facility to finance the deal, and will be acting as administrative agent and sole bookrunner. In conjunction with it, Clearlake’s Behdad Eghbali, Prashant Mehrotra, and Paul Huber will join Syncsort’s Board of Directors.

The acquisition will allow the company to continue to grow both organically and through acquisition.

Led by Lonne Jaffe, CEO, Syncsort provides enterprise-grade Big Data software working on analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as the IBM z Systems mainframe, allowing organizations to collect, integrate, sort and distribute data in less time with fewer resources and lower costs. The company, which serves thousands of customers in more than 85 countries, recently partnered technology alliances with leaders such as Splunk, Amazon Web Services, Cloudera, Hortonworks, MapR, Dell, Fujitsu and Tableau.
Investors included Insight Venture Partners, Bessemer Venture Partners, Georgian Partners, and others.

FinSMEs

13/10/2015

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