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Syncsort Announces Record 2015 Results and Promotes Big Data Visionary to CEOWOODCLIFF LAKE, N.J., Jan. 5, 2016 /PRNewswire/ -- On the heels of record revenue, accelerating bookings growth and a substantial increase in profit in 2015, Syncsort, a global leader in mainframe and Big Data software and sponsored by Clearlake Capital Group, L.P. ("Clearlake"), today announced the promotion of Josh Rogers from President to CEO. Syncsort's "Big Iron to Big Data" technology strategy continues to pay dividends as the company invests organically and inorganically in industrial scale software running on fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe. This year the company delivered on this strategy through a number of key achievements:
These achievements and the momentum around the Company's "Big Iron to Big Data" strategy produced record financial results, including:
"As early as 2011, Josh recognized the power of emerging Big Data technologies such as Apache Hadoop and the important role data integration technology would play in taking advantage of them," said Prashant Mehrotra, a partner at Clearlake. "As CEO, we're confident that Josh's leadership will allow Syncsort to continue its aggressive growth strategy and build on several important technology alliances Syncsort recently forged with industry leaders such as Cloudera, Hortonworks, MapR, Qlik, Tableau, Splunk, Dell, Fujitsu, Cognizant and Amazon Web Services." Lonne Jaffe, who served as Syncsort's CEO for the past two and a half years, employing his extensive M&A experience and technology expertise to advance the company's growth strategy, will serve as a Senior Advisor to Syncsort's Board of Directors going forward. "I am very excited about Syncsort's future under Josh's leadership, as the Company's incredible journey continues," said Jaffe. "Syncsort, with Josh at the helm, is uniquely positioned to capitalize on the extraordinary demand for software that liberates data and existing budgets for use in advanced machine learning systems." Clearlake has also appointed Mr. Rogers as a member of Syncsort's Board of Directors. Prior to becoming CEO, Josh served as President of Syncsort, leading global business operations, including sales, marketing, support and engineering. Earlier in his career at Syncsort, Josh was VP of Worldwide Field Sales, and before he joined Syncsort, he held leadership positions at IBM and Endeca Technologies. "As adoption of Big Data technologies accelerates within the enterprise, customers will be looking to Syncsort to help them take advantage of their most critical data assets in these new environments as well as to reduce costs of legacy data platforms," said Rogers. "Syncsort's record results this year represent a significant milestone for our customers, partners and employees, and it's truly a privilege to get the opportunity to lead Syncsort on the next phase of its multi-decade voyage." About Syncsort About Clearlake Capital Group Media Contacts: Sarah Borup Michael Kornspan Logo - http://photos.prnewswire.com/prnh/20130520/NY16823LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/syncsort-announces-record-2015-results-and-promotes-big-data-visionary-to-ceo-300199135.html SOURCE Syncsort |