For information to be helpful, organizations want to have the ability to belief that the info is correct and genuine, which is the principle function of information integrity software program.
Among the many many distributors within the information integrity market is Exactly, primarily based in Pearl River, N.Y., which has an extended historical past out there. The corporate was based in 1968 with a deal with sorting information for mainframes and was often called Syncsort till it was rebranded as Exactly in Could 2020.
Exactly had grown its software program property each from its personal improvement, in addition to acquisitions through the years. Notable purchases have included Trillium Software program in 2016 and information software program property from Pitney Bowes in 2019.
The seller’s possession has adopted a meandering path through the years. In 2015, Syncsort/Exactly was acquired by Clearlake Capital Group, which in flip bought the corporate to Centerbridge Companions in 2017.
On March 3, 2021, Exactly revealed that Clearlake Capital Group, together with non-public fairness agency TA Associates, can be reacquiring Exactly from Centerbridge.
Monetary phrases of the deal weren’t publicly disclosed, although an unconfirmed Wall Road Journal report valued the deal at $3.5 billion. On this