Syncsort Incorporated, the global provider of Big Iron to Big Data solutions backed by Clearlake Capital Group, L.P., announced that it has signed a definitive agreement with Harte Hanks, Inc. to acquire Trillium Software, a global provider of data quality solutions.
The acquisition of Trillium will be the largest in Syncsort’s history, and brings together market-leading data quality and data integration technology to deliver value at scale in the most demanding enterprise environments. The transaction is subject to regulatory approvals and other customary closing conditions.
The combination of Syncsort and Trillium’s complementary product set will enable enterprise customers to seamlessly harness all their valuable data assets for greater business insights, applying high-performance and scalable data movement, transformation, profiling and quality across traditional data management technology stacks and emerging Hadoop and cloud environments.
“With most large enterprises making significant investments in Big Data for business and operational analytics, core data integration and data quality workloads are moving into Hadoop at a rapid pace,” said Josh Rogers, CEO, Syncsort. “As a pioneer in bringing high-performance data integration software to the Hadoop ecosystem, Syncsort sees an opportunity to extend our unique value with Trillium’s proven, best-of-breed data quality products. Together, we are a clear leader in the data integration and data quality market, and the logical choice for large enterprises seeking to chart a path to Hadoop. We look forward to working closely with Trillium’s customers and investing in the great products they have come to rely on.”
Syncsort and Trillium both have a substantial number of large enterprise customers seeking to generate new insights by combining traditional corporate data with new information sources from mobile, online, social and Internet of Things (“IoT”).
These organisations will continue to rely heavily on next-generation analytic capabilities, creating a growing need for best-in-class data integration and quality solutions to make their Big Data initiatives successful. Together, Syncsort and Trillium will continue to have a strong focus on providing customers with these capabilities for traditional environments, while leading the industry in delivering them for Hadoop and Spark.
“Syncsort has long been a recognised leader in data integration software, and we are excited to partner with Josh and the management team to expand Syncsort’s product portfolio to include data quality,” added Behdad Eghbali and Prashant Mehrotra of Clearlake.
“Combining Syncsort and Trillium creates a leading data integration and data quality software provider of significant scale and further establishes the Company as a platform for accelerated organic and acquisition-based growth. With this acquisition, Syncsort continues to be well-positioned to address the significant market trends around Big Data and to support the needs of our customers.”
In November 2016, Trillium was recognised as a Leader in Gartner’s Magic Quadrant for Data Quality Tools.
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.
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