Acquisition Expands Precisely’s Leadership in Data Integrity Software with Addition of Process Automation and Master Data Management
Precisely, the 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.”
Read the full story at Precisely.com.