There have been some very interesting developments in the past month at Syncsort, including our company making some significant Big Data announcements and a private investment firm announcing a definitive agreement to acquire us.
Big Investment Deal in Big Data
Exciting things are happening at Syncsort. Soon after been named to the Big Data 50 by DBTA, it was announced that Clearlake Capital Group was making a significant investment in Syncsort. The deal is an important milestone for Syncsort, and as Matt Aslett wrote in this 451 Research report, the deal is “likely to give the company greater funding with which to accelerate its expansion into addressing the integration requirements of emerging data platforms, alongside its existing and ongoing commitment to the mainframe.” Here’s what Clearlake had to say in their press release.
“We are excited to partner with Syncsort’s talented management team as we make a significant investment in the Company,” said Behdad Eghbali, Managing Partner of Clearlake. “The Company’s leadership position in both the mainframe and Big Data software segments makes it an excellent buy and build platform to lead consolidation in the industry, which is central to Clearlake’s investment strategy in the software sector.”
Given their financial strength and philosophy of partnering with world-class management teams in dynamic businesses, providing long-term capital, Clearlake should help accelerate Syncsort’s “Big Iron to Big Data” strategy, through organic growth and acquisitions. Here’s a summary of the highlights of Syncsort’s recent investments to build on the leadership position Clearlake pointed to in mainframe and Big Data.
Innovation in Big Iron to Big Data
Syncsort has continued to innovate on mainframe, most recently announcing support for mainframe’s key role in Big Data, Mobile and IoT with its latest innovations for IBMz and a new release of Ironstream, Syncsort’s groundbreaking mainframe tech that brings mainframe data in Splunk. The new release leverages data collected by Syncsort’s recently acquired Zen z/OS® suite to add IBMz network and security data and alerts to the mainframe data it moves to Splunk solutions for advanced visual analytics. Syncsort’s President, Josh Rogers appeared on theCUBE on the expo floor of Splunk’s heavily attended user conference to talk about the new release and to tell the compelling story behind the incredibly successful Syncsort/Splunk partnership. The interview is also summarized nicely in the SiliconANGLE blog, “Where Big data meets big iron: Syncsort talks growth, acquisitions and pipeline | #splunkconf15.”
Innovation in Supporting Big Data Use Cases
In a recent interview on theCUBE during Strata + Hadoop World in NYC, Wikibon Chief Analyst Dave Vallente framed Syncsort as being “at the heart of the data transformation, data tsunami that is going on.” In an appearance chock full of important insights about trends and Syncsort’s Big Data strategy and engineering innovation, Syncsort General Manager Tendu Yogurtcu discussed what Syncsort is doing to take advantage of that position.
Watch the video below to learn more about Syncsort’s 2015 focus on offloading expensive workloads from legacy EDWs, legacy ETL tools and Mainframe to Hadoop, and Syncsort’s announcement of new deliveries for Spark and Kafka to meet increasing demand for real-time streaming use cases – the driver behind this – innovation driven by business use cases. Tendu also discussed the concept of a single data pipeline where organizations can use DMX-h to simply data transformations without the time and cost of more specialized skill sets, for processing both real-time and batch data streams from diverse data sources. SiliconANGLE picked-up on this discussion in, “Forging a pipeline for data integration | #BigDataNYC.”