Clearlake Capital & TA Associates-backed Precisely to acquire Infogix
Precisely, the global leader in data integrity, newly backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, has announced a definitive agreement to acquire data integrity 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.
“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.”
“Precisely is the perfect home for Infogix, with complementary products, the largest customer base in the data integrity space and the global scale and partner ecosystem to turbocharge our business to the next level. At Precisely, the Infogix team will be well-equipped for success in empowering every data consumer with the ability to harness data to drive business outcomes that align to overall business objectives,” said Early Stephens, CEO of Infogix.
“Precisely’s acquisition of Infogix represents the importance of data intelligence for organizations wanting to achieve trusted data with integrity. 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.” – Stewart Bond, research director, Data Integration and Intelligence Software at IDC.
“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 at TA, and Michael Libert, a Principal at TA. “With the acquisition of Infogix, Precisely is extending 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.”
Precisely and Infogix customers and other interested parties may register to learn more about this acquisition and the Precisely Data Integrity Suite at the Trust ’21 Data Integrity Summit in the Americas on June 15th, in Asia-Pacific on June 16th, and in EMEA on June 17th.
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