TBP Spotlight – Syncsort Acquires Pitney Bowes’ Software Solutions Business

Syncsort Acquires Pitney Bowes’ Software Solutions Business

Deal Financials

Value ($m): $700.0

 

Transaction Overview

  • On August 26, 2019, Syncsort, the global leader in Big Iron to Big Data software announced that it had signed a definitive agreement to acquire Pitney Bowes Software Solutions business.
  • Pitney Bowes is a global technology company that offers products and solutions which enable commerce in the areas of mailing, shipping, customer engagement and e-commerce.
  • Notably, the acquisition enhances Syncsort’s data quality offerings and complements its Trillium software products which focus on data quality.
  • Key additions to Syncsort’s capabilities:
    1. Location Intelligence: analyze location data to gain a deeper understanding of customers.
    2. Data Enrichment: combined database from business, geographic, and industry specific data sources.
    3. Customer Information Management: software that allows for a deeper contextual understanding of customers to drive more successful business outcomes.
    4. Customer Engagement Solutions: help businesses build brand loyalty, better customer satisfaction and create new opportunities.
  • Syncsort is backed by Centerbridge Partners LP (majority) and Clearlake Capital Group LP (minority).

Syncsort Previous Acquisitions


Notable Supply Chain Acquisitions in 2019


About True Blue Partners, LLC
True Blue Partners is a boutique M&A advisory firm that serves lower mid-market enterprise software, service and solutions companies. It brings the rigorous strategic and financial perspective of bulge bracket firms with a company building approach and a steadfast partnership that only an independent boutique firm can deliver. For more information please visit www.truebluepartners.com or email us at info@truebluepartners.com.

TBP was NOT an advisor to this transaction.