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Catalogic sells flagship business to IBM to focus on Kubernetes backup


Catalogic sells flagship business to IBM to focus on Kubernetes backup
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Catalogic Software Inc. is selling off its flagship business to IBM Corp. to concentrate its resources on what it believes is a bigger opportunity in the cloud.
The company announced today that IBM will buy its ECX copy data management business for an unspecific amount. Catalogic will focus instead on CloudCasa, a cloud-native data protection service.
Spun off from Syncsort Inc. in 2013, Catalogic initially focused on software-defined copy management, which streamlines organizations’ storage use by reducing unneeded copies. ECX plugs into the native snapshotting capabilities of the storage system on which it’s installed and allows practitioners to create workflows for automating image management, thereby cutting down on administrative overhead. ....

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Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal: source


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(Reuters) - Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters.
The seller, Centerbridge Partners, will remain a minority investor, the source said late on Tuesday.
It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded.
The Wall Street Journal had reported earlier that TA Associates and Clearlake, which was already a minority investor in Precisely, had agreed to back Precisely, whose legal name is Syncsort Inc, and become its new owners. ....

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Two private equity firms take control of U.S. software company Precisely in $3.5 bln deal- source


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Private equity firms Clearlake Capital Group and TA Associates have acquired control of U.S. software company Precisely from another private equity firm in a $3.5 billion deal, a source familiar with the matter told Reuters.
The seller, Centerbridge Partners, will remain a minority investor, the source said late on Tuesday.
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Two private equity firms take control of U.S. software company Precisely in $3.5 bln deal- source Back to video
It was not immediately known how much Clearlake and TA Associates will each own in Precisely, nor how the deal will be funded. ....

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