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.”