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 Q&A, Eric Yuan, the COO of Exactly, discusses the challenges and alternatives of information integrity know-how.
What do you see as the importance of Exactly being acquired and what affect will it have on the info integrity software program enterprise?
Eric Yau: We’re one of many largest companies now within the information administration and information integrity market; we have 12,000 clients, and over 2,000 staff. Our mission in easy phrases is we assist ship trusted information to our buyer base.
So far as what we see as a profit for us from the funding, I believe what it means is that we now have a capability to attract extra capital, to have the ability to construct new innovation and create new capabilities. We would additionally now look to amass some extra companies to have the ability to assist us make our clients’ issues simpler, and hopefully speed up that journey that they are on.
So, I believe it is actually large information round validating the challenges that our clients have and our providing to assist remedy them.
How do you outline information integrity and the associated idea of information belief?
Yau: What we see as the most important problem as we speak, is that clients have entry to giant volumes of information, however they nonetheless can not belief their information. Our focus is admittedly to resolve that and provides our clients belief within the information that they’re utilizing for analytic functions to make selections.
What permits information integrity and information belief are three core issues. The primary is accuracy of information, the second is consistency and the third is context.
We ship inside our information integrity suite a number of capabilities that allow these three issues. One such functionality is with information integration that permits information to maneuver from transactional programs and operational environments over to analytic warehouses. We additionally provide capabilities to have the ability to assist organizations perceive the standard of their information. Then there’s what we name location intelligence, the place we start to counterpoint the info to have the ability to assist assist essential enterprise selections. In virtually all instances, mission-critical enterprise selections have a location aspect to it.
Eric YauCOO, Exactly
For Exactly, as a vendor of information integrity software program, what’s the intersection of information integrity and information governance?
Yau: We see information governance as a really carefully associated subject and we now have a really sturdy partnership with Collibra, which is a number one vendor within the area. Our relationship with Collibra is each technical, in addition to in go-to-market efforts.
As a technique, we’re very partner-driven. Our focus is ensuring that we determine what we imagine to be the strongest gamers within the areas which are adjoining to ours and develop good go-to-market relationships and technical integrations.
What has been the affect of the COVID-19 pandemic on digital belief at Exactly?
Yau: What we have seen with COVID is the accelerated push round digital transformation. Corporations are recognizing that getting the correct information to assist enterprise decision-making is totally essential.
Individuals have been telling us what’s extra essential now greater than ever, to not say it wasn’t essential earlier than, is with the ability to reliably get information rapidly into their resolution environments, together with information warehouses, machine studying fashions and different enterprise workflows.