Announced
Financials
Tags
Majority
Software
Private
Acquisition
Friendly
Pending
Private Equity
Single Bidder
United States
big data
Domestic
Synopsis
Private equity firms Clearlake Capital Group, TA Associates and Intermediate Capital Group agreed to acquire a majority stake in Precisely, a global software company specializing in Big Data, high-speed sorting products, data integration data quality, data enrichment, and location intelligence offerings, from Centerbridge Partners for $3.5bn. “We believe Precisely is uniquely positioned to meet enterprise customers’ urgent need for secure, trusted, accurate and reliable data both on-premises and in the cloud as they rapidly adopt data integrity software solutions to help support mission-critical business use cases across increasingly disparate data repositories,” Harry Taylor and Michael Libert, TA Associates Managing Director and Principal.
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