Syncsort buys Pitney’s software arm, creates data management platform
Category: #tech  By Mateen Dalal  Date: 2019-08-27
  • share
  • Twitter
  • Facebook
  • LinkedIn

Syncsort buys Pitney’s software arm, creates data management platform
  • The combined company will offer distinguished competencies to businesses to maximize insights from the data. 
     
  • The amalgamation brings in the best in class location intelligence, data enhancement, customer data Management and engagement solutions via a robust data integration and optimization software.

New York based global leader of data software, Syncsort has reportedly announced entering into a definitive agreement to take over Pitney Bowes’ software solutions business. The two companies together are expected to become one of the chief data management software companies globally along with being a pioneer in data quality and serving over more than 11,000 customers.

For the uninitiated, Pitney Bowes is a Connecticut headquartered global technology company delivering commerce solutions which accelerate billions of transactions.

Reportedly, the acquisition is believed to introduce the best-in-class location intelligence, data enhancement, customer data management & engagement solutions that are largely compatible with its existing portfolio. The unification structures and expands the range of Syncsort’s deliverables in data quality software while complementing the current company products.

As per trusted reports, the acquisition deal has been valued at USD 700 million.

Josh Rogers, CEO at Syncsort on the acquisition reportedly stated that with the company’s remarkable transformation and rapid growth, it is exceptionally delighted to enter the next phase of industry journey with Pitney Bowes’ range of software products and an excellent team. Additionally, Rogers cited that the company together would be one of the major players in the data management software domain and would drive a greater value for the customers and partners.

Meanwhile, Jared Hendricks, lead director of the Syncsort board quoted that the acquisition forms a market leading data management platform. With Syncsort’s exclusive scale, there stands an uncommon chance to apply the quality of the combined product portfolios and differentiated proficiencies of the teams to handle the complex data management challenges and bolster their vital initiatives through continued advancement and improvement.

For the records, New York based Syncsort is a software company excelling in Big Data and data integration software and services that provide a convenient way to optimize and manage the data.

Source credit: https://www.businesswire.com/news/home/20190826005223/en/Syncsort-Acquires-Pitney-Bowes%E2%80%99-Software-Solutions-Business

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More

More News By Mateen Dalal

Alphabet’s Google to face lawsuit from NLRB for violating labor laws
Alphabet’s Google to face lawsuit from NLRB for violating labor laws
By Mateen Dalal

In a recent turn of events, U.S. government body National Labor Relations Board (NLRB) has reportedly issued a complaint against American multinational technology company, Google LLC for unlawfully monitoring as well as questioning its workers and su...

Britain’s CMA to levy tougher competition rules on Google and Facebook
Britain’s CMA to levy tougher competition rules on Google and Facebook
By Mateen Dalal

Facebook and Google accounted for around 80% of the total 14 billion pounds spent on digital advertising in 2019. MOW has reportedly accused Google of modifying its Chromium developer tools and Chrome browser to get greater control over advertiser...

Amazon, U.S. Government team up to prevent sale of counterfeit goods
Amazon, U.S. Government team up to prevent sale of counterfeit goods
By Mateen Dalal

According to reliable sources, Washington-headquartered American multinational technology company, Amazon.com Inc has reportedly initiated a joint venture with the U.S. government’s counterfeit agency, the IPR Center (National Intellectual Prop...