Syncsort, the global provider of Big Iron to Big Data software, has announced it has signed a definitive agreement to acquire Pitney Bowes´ Software Solutions business, the company said.
Together, Syncsort and the Pitney Bowes software & data business becomes one of the largest data management software companies in the world and a provider of data quality, serving more than 11,000 customers and hundreds of resellers globally. With its unique scale and broader solution set, the company will offer differentiated capabilities to enterprises seeking to maximize insight from their data.
The acquisition, Syncsort´s largest ever, brings to the company best-in-class location intelligence, data enrichment, customer information management and customer engagement solutions that are highly complementary to its existing portfolio. The combination builds on, and significantly expands, the breadth of Syncsort´s offerings in data quality software and complements existing Syncsort Trillium products. The transaction is expected to close by the end of the calendar year, pending regulatory approvals and other customary closing conditions.
The transaction is backed by affiliates of Centerbridge Partners, L.P. and Clearlake Capital Group, L.P. Debt commitments have been provided by Jefferies Finance LLC, Credit Suisse, Golub Capital LLC, and Antares Capital LP. Credit Suisse and Jefferies LLC served as financial advisors to Syncsort. Simpson Thacher & Bartlett LLP served as legal counsel to Syncsort.
Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; office mailing and shipping; presort services; location data; customer information and engagement software; services; and financing. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.
Syncsort is the global provider of Big Iron to Big Data software. We organize data everywhere to keep the world working — the same data that powers machine learning, AI and predictive analytics. Learn more at www.syncsort.com.