Acquisition Extends Precisely’s Leadership in Data Integrity Software as Businesses Seek Trusted Data for Confident Decisions Across the Enterprise
BURLINGTON, Mass.—Precisely, the global leader in data integrity software, newly backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and TA Associates, today announced a definitive agreement to acquire data integrity and governance software provider Infogix. The announcement comes less than two weeks after Clearlake and TA completed their acquisition of Precisely and represents the first major step to accelerate growth under their ownership. Terms of the deal were not disclosed.
Precisely helps companies achieve a foundation of trusted data on which to build their digital futures. The company’s market-leading data integrity software portfolio provides maximum accuracy, consistency and context in data for more confident business decisions. In Infogix, Precisely is acquiring Data Governance, Data Catalog and Strategic Data Services that extend its data integrity software leadership. Infogix also brings highly complementary Data Quality capabilities that help ensure customers’ business decisions are made with the right data at the right time and with the right context.
"As companies seek to position and differentiate themselves for the digital era, they quickly realize that success requires trusted data. Precisely provides that foundation with maximum accuracy, consistency and context so businesses can make confident data-driven decisions," said Josh Rogers, CEO of Precisely. "Infogix is a perfect fit for Precisely, with highly complementary data quality products and services, and a leading data governance solution that our customers have been seeking."
The cloud continues to empower users from across the enterprise to make critical business decisions with data and analytics. Infogix’s suite of SaaS capabilities across governance and data quality helps accelerate these decisions and ensure they are made with trusted data. In addition, Infogix’s pre-packaged, self-service tools built for specific vertical or business use cases help business users across a range of industries gain strategic value from data more quickly. The Infogix Strategic Services team has successfully helped more than 200 organizations develop and execute a strategy to leverage data assets to propel their businesses forward. These strategic service engagements will help Precisely scale to meet customer demand for its products, including the Precisely Data Integrity Suite.
"Precisely is the perfect home for Infogix, with complementary products, the largest customer base in the data integrity software space and the global scale and partner ecosystem to turbocharge our business to the next level," said Early Stephens, CEO of Infogix. "At Precisely, the Infogix team will be well-equipped for success in empowering every data consumer with the ability to harness data to drive outcomes that align to overall business objectives."
"Precisely’s acquisition of Infogix represents the importance of data intelligence for organizations wanting to achieve trusted data with integrity," said Stewart Bond, research director, Data Integration and Intelligence Software at IDC. "Infogix will bring technical, business, relationship and usage intelligence about data into the Precisely data integrity portfolio, adding another dimension to data integrity and enabling data governance."
"We are excited to support Precisely in this strategic transaction that extends its leadership in data integrity software and adds new capabilities in data governance, an important and growing focus for enterprises seeking to ensure trusted data is used properly," said Behdad Eghbali, Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. "This acquisition is a continuation of Precisely’s long history generating exceptional growth through organic and inorganic initiatives."
"Complete, reliable and accurate data is essential for successful digital transformations and, as a result the data integrity software space, has seen continued growth," said Harry Taylor, a Managing Director, and Michael Libert, a Principal at TA. "With the acquisition of Infogix, Precisely extends its market leadership position as data becomes increasingly democratized across the enterprise. We look forward to the completion of this acquisition and supporting Precisely’s ongoing efforts to bolster M&A, fuel product innovation and accelerate growth."
To learn more about this acquisition and the Precisely Data Integrity Suite, please register for the Trust ’21 Data Integrity Summits in the Americas on June 15th, in Asia-Pacific on June 16th, and in EMEA on June 17th.
About Precisely
Precisely is the global leader in data integrity software, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 90 percent of the Fortune 100. Precisely’s data integration, data quality, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
About Infogix
In its fourth decade as an industry pioneer, Infogix continues to provide large and mid-market companies around the globe with a broad range of integrated and configurable tools to govern, manage and use data. From operations and the office of data to sales, from product and customer service to marketing—users across the entire organization rely on our software to remove barriers to data access, accelerate time to insight, increase operational efficiency and confidently trust business decisions. Our best in class retention rate is proof of our customer-centric focus as we partner with them to thrive in today's data-driven economy. To learn more, visit http://www.infogix.com.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $35 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
