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Clearlake Capital-Backed Syncsort Closes Acquisition of Data Quality Leader Trillium SoftwarePEARL RIVER, N.Y. and SANTA MONICA, Calif., Dec. 23, 2016 /PRNewswire/ -- Syncsort Incorporated ("Syncsort"), the global leader in Big Iron to Big Data solutions backed by Clearlake Capital Group, L.P. ("Clearlake"), today announced that it has completed the acquisition of Trillium Software ("Trillium"), a leading global provider of data quality solutions, from Harte Hanks, Inc. (NYSE: HHS). The combination will enable customers to seamlessly harness all their valuable data assets for greater business insights by applying high-performance and scalable data movement, transformation, profiling and quality across the most demanding enterprise environments. The Trillium acquisition represents a significant milestone in Syncsort's growth strategy, complementing its high-performance data integration solutions with Trillium's market-leading data quality software. Together, Syncsort and Trillium are well positioned to lead the market in addressing an expanded number of use cases across traditional data management technology stacks and emerging Hadoop and cloud environments. "Adding Trillium's products and expertise to the Syncsort family greatly enhances our brand in the data integration space and the value we can deliver to customers through broader capabilities and increased scale," said Josh Rogers, CEO, Syncsort. "Trillium has been recognized for years as a leader in data quality solutions by influential industry analyst firms in their market research. This complements Syncsort's reputation for high-performance data integration software and emergence in Hadoop, metadata and real-time data management, offering us significant opportunities to help enterprises with their most complex data management challenges, spanning traditional and Big Data environments." "The combination of Syncsort and Trillium is a major win for both companies and their customers, creating a larger, stronger Syncsort with a fortified solutions portfolio that further establishes the Company as a platform for accelerated organic and acquisition-based growth," added Behdad Eghbali and Prashant Mehrotra of Clearlake. "Now with market-leading data integration and data quality solutions, Syncsort is well-positioned to meet enterprises' growing needs around Big Data and work in both legacy systems as well as open systems data environments such as Hadoop." In November 2016, Trillium was recognized as a Leader in Gartner's Magic Quadrant for Data Quality Toos for the 11th consecutive year.* Credit Suisse, Antares Capital and SunTrust Robinson Humphrey are providing fully committed debt financing for the transaction. Foros served as the financial advisor to Harte Hanks. Credit Suisse, Evercore and SunTrust Robinson Humphrey served as the financial advisors to Syncsort. About Syncsort About Trillium Software About Clearlake Media Contacts: For Syncsort and Trillium Michael Kornspan, Syncsort, [email protected], 201-930-8216 For Clearlake Capital Group Owen Blicksilver Public Relations, Inc. *Gartner "Magic Quadrant for Data Quality Tools" by Saul Judah, Mei Yang Selvage, Ankush Jain. November 23, 2016. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clearlake-capital-backed-syncsort-closes-acquisition-of-data-quality-leader-trillium-software-300383435.html SOURCE Syncsort Incorporated |