Monday, October 12, 2015
Clearlake Capital Buys Syncsort
Santa Monica-based private equity investor Clearlake Capital Group announced htis morning that it is buying Syncsort, a new Jersey-based developer of big data, data migration, and other tools. Financial terms of the acquisition were not anounced by the companies. Syncsort was headquartered in Woodcliff Lake, NJ, and is over 40 years old, but has a significant number of Big Data products based on Apache Hadoop, Splunk, Apache Spark, and the cloud, in addition to software for the IBM z Systems mainframe platform. Syncsort was backed by Insight Venture Partners, Bessemer Venture Partners, Georgian Partners, and others. Behdad Eghbali, Prashant Mehrotra, and Paul Huber, all of Clearlake Capital, join Synsort's board of directors in the deal.