Wednesday, November 18, 2015
Clearlake Capital Buys Syncsort
Santa Monica-based private equity investor Clearlake Capital Group, L.P. said this morning that it has acquired Syncsort Incorporated, a developer of enterprise software based in New Jersey. Financial terms of the acquisition were not announced. Syncsort develops Hadoop and other big data integration software for the mainframe market. Syncsort is based in Woodcliff, New Jersey, and offers up Apache Hadoop, Splunk, Apache Spark, and other analytics software for the IBM z Systems mainframe and other systems. Synsort said the "significant investment" from Synsort will help it with an aggressive growth strategy.