Precisely to Acquire Winshuttle, Backed by Clearlake & TA Associates
BURLINGTON, Mass., June 14, 2021 — Precisely, a 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 error1. 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.”
“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.”
Spurrier Capital Partners served as the exclusive financial advisor to Winshuttle.
Precisely is a global leader in data integrity software, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 90 percent of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
Winshuttle provides master data management and process automation software that enables enterprise organizations to go faster, be more agile, and improve the quality of their most important data — so they can compete and thrive in the digital world. The company’s no-code, low-code software is both flexible and extensible, empowering business and IT teams to drive results at scale. Winshuttle’s unwavering commitment to customer success and solving even their most complex data and process challenges makes it the trusted choice for leading companies worldwide. Learn more at Winshuttle.com.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S. The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $39 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 535 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.
STG is a private equity partner to market leading companies in data, software, and analytics. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world class management teams. STG’s expansive portfolio has consisted of more than 35 global companies. For more information, please visit www.stgpartners.com.