By ET Bureau - June 15, 2021 3 Mins Read
Precisely, the global leader in data integrity software, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, today announced a definitive agreement to acquire process automation and master data management software provider Winshuttle from Symphony Technology Group (“STG”).
The announcement follows the completion of Precisely’s acquisition of data governance software provider Infogix earlier this month. Terms for both deals were not disclosed.
In Winshuttle, Precisely is acquiring comprehensive process automation and master data management software for managing, moving and validating large data volumes spanning multiple systems of record, including SAP ERP, and requiring the highest levels of compliance and standards management.
Data quality issues continue to plague enterprises’ data-driven initiatives, with 47% of all newly created data records having at least one critical error. Automation plays a significant role in improving data quality at the source, providing greater consistency and agility to help companies achieve data integrity.
“Process automation is essential in delivering higher quality data so companies can be confident in their business decisions,” said Josh Rogers, CEO of Precisely. “Adding Winshuttle’s process automation and master data management software, with its deep expertise in SAP environments, will enable Precisely to extend our portfolio of differentiated solutions and further our customers’ journeys to achieving data integrity.”
“With a shared approach to putting customers first and empowering business and IT to collaborate in powerful ways, Precisely is a great fit for our mission to help drive better business through data and an ideal home for our talented team,” said John Pierson, CEO of Winshuttle.
“Precisely’s leadership in data integrity and focus on trusted data perfectly complement Winshuttle’s software portfolio and domain expertise. Our customers can operate from a position of strength to get products to market faster, be more agile, and make more confident and timely business decisions.”
“Winshuttle represents Precisely’s second add-on acquisition within just months of Clearlake and TA closing the Precisely transaction, and it reflects our commitment to backing the company as a consolidator in the broader data integrity software ecosystem,” said Behdad Eghbali, Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. “This strategic acquisition expands Precisely’s data integrity software solution set into process automation and master data management software, which are both top priorities on the company’s product roadmap.”
“Data quality issues are among the largest that hinder modern digital organizations today from unlocking the true potential of their data, and the combination of Precisely and Winshuttle helps to address these customer pain points,” said Harry Taylor, Managing Director, and Michael Libert, Principal, at TA. “We are excited to support Josh and the team to continue to accelerate the pace of Precisely’s organic and inorganic growth efforts.”
To learn more about Precisely’s leadership in data integrity software and the first of its kind Precisely Data Integrity Suite, please register for the Trust ’21 Data Integrity Summits in the Americas on June 15th, in Asia-Pacific on June 16th, and in EMEA on June 17th.
Spurrier Capital Partners served as the exclusive financial advisor to Winshuttle.
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