Precisely acquisition sets the stage for data integrity market consolidation

▤ Summary

Ironically, in 2017 Clearlake sold Syncsort, along with Vision Solutions, a provider of data protection software for IBM platforms, to Centerbridge Partners. The Pitney Bowes deal expanded the scope of Precisely’s offerings to include data enrichment capabilities, such as location services. Following the closing of that deal, the range of capabilities Precisely could provide transformed instantly, CEO Josh Rogers said. Once the deal involving Clearlake and TA Associates closes, Rogers said Precisely will continue looking for other potential mergers and acquisitions. At the same time, organizations are investing in AI applications that require access to massive amounts of data that needs to be highly accurate, Rogers said.

▦ Linked Companies

Precisely

$500M to $1B