Syncsort to acquire Software Solutions Business of Pitney Bowes for $700m.

Syncsort, a provider of Big Iron to Big Data software backed by Centerbridge Partners and Clearlake Capital Group, agreed to acquire the Software Solutions Business of Pitney Bowes, a global technology company providing commerce solutions, for $700m. "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. Together, we will be one of the leading players in the data management software space and positioned to drive even greater value for customers and partners alike, especially in areas like regulatory compliance, security, data science and hybrid cloud. Leading enterprises are facing significant challenges around the quality of their data, and we will offer unparalleled capabilities for customers to easily integrate, enrich, improve and gain insight from their data," Josh Rogers, Syncsort CEO.