Thursday, August 17, 2017

Clearlake Capital Sells Syncsort, Vision Solutions For $1.26 Billion

Irvine-based private equity investor Clearlake Capital has sold two enterprise software companies it owns, Syncsort Incorporated and Vision Solutions, to fellow private equity investor Centerbridge Partners, in a deal worth $1.26 billion. According to the two companies, Centerbridge maintains a minority ownership in the combined company. Clearlake Capital acquired Syncsort in 2015. Syncsort is based in Pearl River, New York.