Syncsort signed a definitive agreement to acquire Pitney Bowes’ Software Solutions business. Debt commitments have been provided by Jefferies Finance, Credit Suisse, Golub Capital, and Antares Capital
Together, Syncsort and the Pitney Bowes software & data business becomes one of the largest data management software companies in the world and a leader in 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.
“Our remarkable transformation and rapid growth story continues. We could not be more excited for the next phase of the journey with the Pitney Bowes software products and talented team as part of our world-class organization,” said Josh Rogers, CEO, Syncsort.
The transaction is backed by affiliates of Centerbridge Partners and Clearlake Capital Group. Credit Suisse and Jefferies served as financial advisors to Syncsort. Simpson Thacher & Bartlett served as legal counsel to Syncsort.
Pitney Bowes is a global technology company providing commerce solutions that power billions of transactions.
Syncsort is a global leader in Big Iron to Big Data software.
