Tech Intelligence Bulletin (HG Insights) – Syncsort has acquired the Pitney Bowes software and data business, creating a powerhouse data management software company with more than 11,000 enterprise customers, $600 million in revenue and 2,000 employees worldwide.
The new company brings an unmatched combination of scale, agility and breadth of portfolio to empower leading enterprises to gain a competitive advantage from their data.
Increasing competitiveness via data
“Enterprises everywhere are striving to increase their competitiveness through the strategic use of data. To do this successfully and expand the boundaries of insight, organizations must invest in next-generation technologies like cloud, streaming and machine learning, while simultaneously leveraging and modernizing decades of investment in traditional data infrastructure,” said Josh Rogers, CEO, Syncsort Incorporated.
“With the combination of Syncsort and Pitney Bowes software and data, we are creating a new company that is laser focused on helping enterprises advance their use of data through unparalleled expertise across data domains, disciplines and platforms. As one of the largest data management software companies in the world, our increased scale allows us to expand the scope of partnership with customers so that they can maximize the value of all their data.”
The combined portfolio brings together best-in-class capabilities in location Intelligence, data enrichment, customer information management and engagement solutions with powerful data integration and optimization software. These end-to-end capabilities will empower enterprises to overcome ever-increasing challenges around the integrity of their data so that their IT and business operations can easily integrate, enrich and improve data assets to maximize insights.