Syncsort Buys Pitney Bowes’ Software Solutions Business, for $700M

syncsortSyncsort, a Pearl River, N.Y.-based leader in Big Iron to Big Data software, is to acquire Pitney Bowes’ Software Solutions business.

The amount of the deal, which is expected to close by the end of the calendar year, pending regulatory approvals and other customary closing conditions, was $700 million. It is backed by affiliates of Centerbridge Partners, L.P. and Clearlake Capital Group, L.P. Debt commitments have been provided by Jefferies Finance LLC, Credit Suisse, Golub Capital LLC, and Antares Capital LP.

The acquisition brings to Syncsort location intelligence, data enrichment, customer information management and customer engagement solutions that are complementary to its existing portfolio. The combination expands its offerings in data quality software and complements existing Syncsort Trillium products.
In details, the Pitney Bowes software business is based on four key lines including:
– Location Intelligence – products that allow organizations to enrich and analyze location data for enhanced business insights
– Data Enrichment – comprehensive portfolio of business, geographic, and industry-specific data featuring global coverage across 250 countries and territories
– Customer Information Management – software suite that manages data to deeply understand customers and their context
– Customer Engagement – software to help businesses build brand loyalty, improve customer satisfaction, create new revenue opportunities, and reduce costs

The Syncsort and the Pitney Bowes software & data business becomes a large data management software company and a leader in data quality, serving more than 11,000 customers and hundreds of resellers globally.

Led by Josh Rogers, CEO, Syncsort provides Big Iron to Big Data software to optimize, assure, integrate, and advance data to more than 7,000 customers, including 84 of the Fortune 100, which can extract value from their critical data anytime, anywhere.



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