Precisely, provider of a range of tools for integrating and enhancing data, this week revealed it is being acquired by Clearlake and TA Associates as part of an effort to build out a data integrity platform for digital business transformation initiatives.
Terms of the deal, which is expected to close in the second quarter, were not disclosed, but industry reports placed it at $3.5 billion. Centerbridge Partners, the current majority shareholder in Precisely, will continue to retain a minority equity stake.
