Precisely, a global leader in data integrity software, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates, 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 percent of all newly created data records having at least one critical error. Automation plays a significant role in improving data quality at the source, providing greater consistency and agility to help companies achieve data integrity.
To learn more about Precisely’s leadership in data integrity software and the first of its kind Precisely Data Integrity Suite, register for the Trust ’21 Data Integrity Summits in the Americas today, in Asia-Pacific on Wednesday, and in EMEA on Thursday.
