October 13, 2015
Syncsort is a Woodcliff Lake, New Jersey-based company that specializes in big data-centric enterprise software for analytical platforms including Apache Hadoop, Splunk, Apache Spark and others, according to the announcement.
The financial terms of the acquisition were not disclosed.
“We are really looking forward to partnering with Clearlake to continue to grow the company, both organically and through acquisition,” said Lonne Jaffe, CEO of Syncsort, in a statement. “Clearlake’s proven track record in software investing and substantial resources will be instrumental in our continuing to deliver best-in-class software to our customers and partners and to create lasting value for our business.”
Syncsort recently entered into several technology alliances with companies including Splunk, Amazon Web Services, Cloudera and Hortonworks, among others. It remains to be seen how these alliances will be affected by the acquisition.
“We are excited to partner with Syncsort’s talented management team as we make a significant investment in the Company,” said Behdad Eghbali, managing partner of Clearlake. “The company’s leadership position in both the mainframe and big data software segments makes it an excellent buy and build platform to lead consolidation in the industry, which is central to Clearlake’s investment strategy in the software sector.”
Clearlake Capital’s purchase of Syncsort follows the news of Dell’s $67 billion purchase of EMC, which will allow Michael Dell to integrate the cloud computing company and its federation partners into his PC and software company.
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