Clearlake Capital to acquire Georgian Partners-backed Syncsort
U.S. private equity firm Clearlake Capital Group has agreed to acquire Syncsort Inc, a big data enterprise software provider based in Woodcliff Lake, New Jersey. No financial terms were disclosed. Clearlake said Syncsort's leadership position in the mainframe and big data segments make it an effective buy-and-build platform for undertaking consolidation in the software industry. The company, which was founded in 1968, is a portfolio investment of Canadian venture capital firm Georgian Partners. Its other investors include Insight Venture Partners, Bessemer Venture Partners and Goldman, Sachs & Co.
13 October 2015•4 mins read
