About Syncsort Incorporated
Syncsort keeps its customers’ data organized and accessible. The company's software integrates data from various platforms and across environments, improving the performance of data collection, storage, and transfer. Clients around the world use its products to speed access to data wherever it’s stored – on premise, in the cloud, or a hybrid environment. Syncsort also provides data backup and protection software. The company, which claims users in some 100 countries, has customers in industries such as finance, manufacturing, consumer goods, transportation, and health care. It also offers professional services such as consulting, support, and training.
Change in Company Type
Private investment firm Centerbridge Partners bought Syncsort and Vision Solutions from Clearlake Capital Group for $1.26 billion in 2017. Centerbridge then combined Syncsort and Vision Solutions into one company, under the Syncsort name, focused on moving data. Syncsort has grown through acquisitions while providing software that transfers data from different environments. Vision Solutions develops business resilience software for IBM Power Systems. Clearlake continues to hold a minority interest in the combined company.
Syncsort is based in Pearl River, New York, and has offices throughout the US. The company has subsidiaries in the UK, France, Germany, Poland, Australia, Japan, Hong Kong, Singapore, Belgium, and Israel. It maintains support centers in the US and the Netherlands. The company’s products are used in some 100 countries.
Sales and Marketing
Syncsort markets its products through alliances with hardware and software manufacturers, distributors, resellers, and system integrators. Partners include Amazon Web Services, Cloudera, Splunk, Dell Technologies, Microsoft, Tableau, MAPR, Infosys, IBM, and Collibra.
Some of Syncsort’s 7,000 customers are British Airways, FedEx, PermataBank, Iceland Frozen Foods, and Dupre Logistics.
Syncsort’s motto is “Big Iron to Big Data,” meaning the interaction between traditional computer systems such as IBM mainframes and the increasing flow of data that companies collect and analyze. Syncsort also offers software for newer systems including cloud and hybrid environments. Going on a two-year buying spree, Syncsort loaded up on software that extended its offerings and filled gaps in its portfolio of products.
Syncsort bought Trillium Software, a data quality software company, in 2016, and added several more companies in 2017 and 2018. The company got even bigger when private investment firm Centerbridge Partners bought Syncsort and Vision Solutions from Clearlake Capital in 2017 and combined the companies under the Syncsort banner. The deal expanded the overall product and geographic reach of each company.
Mergers and Acquisitions
In 2019 Syncsort agreed to buy the Software Solutions business of Pitney Bowes for $700 million. The deal brings technologies such as location intelligence, data enrichment, customer information management, and customer engagement to Syncsort. The acquisition, Syncsort's biggest, is expected to close by the end of 2019.
In 2018 Syncsort acquired EView Technology, a provider of software for integrating mainframe and IBM i data into enterprise IT management platforms, including ServiceNow.
In another 2018 deal, Syncsort bought Trader's, a French provider of high availability software products for multiple platforms, specializing in IBM i (AS/400, iSeries, System i).
A 2017 deal brought IT consultant Cilasoft into Syncsort's fold. Cilasoft specialized in compliance and security audit software for the IBM i platform. The acquisition enabled Syncsort to offer a more comprehensive portfolio of security applications for the i platform.
Syncsort's acquisition of Metron Technology came in 2017, adding Metron's Athene software to Syncsort's lineup. Athene's capabilities include forecasting, capacity modeling, and planning that help companies optimize their data infrastructure.
Centerbridge is Syncsort’s third private equity owner. In 2008, Syncsort was bought by Bessemer Venture Partners and the Goldman Sachs Group., followed by the acquisition by Clearlake in 2013. Then came Centerbridge Partners LP in 2017 with its $1.26 billion offer.
2 BLUE HILL PLZ STE 1563
Pearl River, NY 10965-3113
Phone: 1 (877) 700-0970
Employer Type: Privately Owned
CFO: Bob Bies
CEO and Director: Josh Rogers
Founder and General Manager, Mainframe: Harvey B. Tessler
Employees (This Location): 220
Employees (All Locations): 628