Clearlake ties up buy of Georgian Partners-backed Syncsort
U.S. private equity firm Clearlake Capital Group has completed its acquisition of Syncsort Inc, a big data enterprise software provider based in Woodcliff Lake, New Jersey. No financial terms were released. Clearlake said it will support Syncsort's continued organic and acquisition-led growth and will use the business as a platform to advance consolidation in the software industry. Founded in 1968, Syncsort was bought in 2008 by a group of investors that included Canadian growth equity firm Georgian Partners. Georgian Managing Partner Justin LaFayette discussed the investment with PE Hub Canada in October.
18 November 2015•3 mins read
