Precisely, a data integrity software company, newly backed by Clearlake Capital Group LP and TA Associates, has signed a definitive agreement to acquire data integrity and governance software provider Infogix.
“As companies seek to position and differentiate themselves for the digital era, they quickly realize that success requires trusted data,” said Josh Rogers, CEO of Precisely. “Precisely provides that foundation with maximum accuracy, consistency and context so businesses can make confident data-driven decisions. 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 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.”