Incorta 4.6 Platform Release Makes Cloud Data Lakes Analytics-Ready

Incorta | February 06, 2020

Incorta, the industry’s only Unified Data Analytics Platform powered by Direct Data Mapping, today announced the latest version of its platform, Incorta 4.6. With this release, Incorta introduces new features, capabilities, and performance enhancements that double down on its commitment to bringing data engineers, data scientists, and data analysts together on a single platform. Specifically, Incorta 4.6—the “cloud data lake release”—enables seamless integration and support for ADLS Gen2 and AWS S3 cloud storage technologies, giving companies a powerful new way to (1) provide data constituents with ready access to data that is currently locked up in cloud data lakes, and (2) bring new data into cloud data lake storage in an open standard file format (Parquet).

Spotlight

Introduction to the Vertica QuickStart ETL sample app available for download on the HPE Big Data Marketplace...

Spotlight

Introduction to the Vertica QuickStart ETL sample app available for download on the HPE Big Data Marketplace...

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BUSINESS INTELLIGENCE

Clearlake Capital to Acquire Global Cybersecurity, Data Intelligence and IT Operations Management Software Leader Quest from Francisco Partners

Quest | November 29, 2021

Quest Software , a global cybersecurity, data intelligence, and IT operations management software provider, announced it signed a definitive agreement with Clearlake Capital Group, L.P. (together with certain of its affiliates, “Clearlake”) to acquire the Company from Francisco Partners. Patrick Nichols, current CEO of Quest, will continue to lead the Company supported by the existing executive management team. Upon closing of the transaction, Clearlake will become the majority shareholder in Quest. The terms of the transaction were not disclosed. “We have long admired Quest as a leading identity-centric cybersecurity, data intelligence, and IT operations management software platform and the Company’s software solutions that help secure enterprise IT environments,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. “We are excited to partner with Patrick and Carolyn McCarthy, Quest’s CFO, to utilize Clearlake’s O.P.S.® framework to help the Company strengthen its strategic growth plans including best practices to accelerate cloud/SaaS adoption and support its buy-and-build strategy.” "IT teams worldwide rely on Quest to help them solve critical challenges that enable business growth and address crucial strategic initiatives. Quest has evolved to become a market leader in identity-centric cybersecurity, data intelligence, and IT operations management and I want to thank Francisco Partners for helping Quest realize this vision. Our new partnership with Clearlake will accelerate Quest's momentum as a leader and innovator as we increase our investment pace in our core product roadmaps, cloud/SaaS offerings, and global presence. We will continue to expand our customer base as computing environments and related management, modernization, and security challenges, become more complex.” Patrick Nichols, CEO of Quest “We are proud of the tremendous progress Quest has made since re-launching as an independent company, and I want to recognize Patrick Nichols and the management team for strong execution,” said Dipanjan “DJ” Deb, Co-Founder and CEO of Francisco Partners. “We have a long and successful track record executing divisional carve-out transactions and are grateful to have had the opportunity to work with the Quest team to create value for the company, its customers, and its partners. We wish the Quest organization well in their new partnership with Clearlake.” Founded in 1987, Quest Software has built a reputation over three decades as a critical software solution provider for security-sensitive customers and a leader of innovation addressing rapidly evolving risks and security threats. Quest enables today's edgeless IT ecosystem – across people, applications, and data to endpoints – allowing customers to maintain controls, mitigate and contain security threats proactively, and maintain operational up-time while decreasing costs. Quest's key business segments include: One Identity and OneLogin, making Quest the only identity-centric cybersecurity software vendor providing industry-recognized leading solutions across all aspects of a unified identity security and management approach crucial to taming identity sprawl and addressing identity-based attacks. Platform Management for Microsoft®, which provides software for IT operations resilience and flexibility while enabling organizations to stay in control by securing and managing Active Directory. Information Management and erwin by Quest, a pioneer and leading provider of data operations and intelligence software solutions that modernize infrastructure, optimize performance and deliver applications faster, with offerings including Toad for Oracle®, erwin Data Modeler, erwin Data Intelligence, Foglight, ApexSQL and SharePlex®. Data protection and endpoint management software solutions to control data growth and optimize system availability with NetVault, QoreStore, and Kace® offerings. “It has been a pleasure partnering with Patrick and the entire management team at Quest in scaling the business both organically and through strategic acquisitions,” said Brian Decker, Partner and Christine Wang, Principal at Francisco Partners. “Since our partnership with the Company, Quest has evolved to become an innovative leader in the cybersecurity, data intelligence and IT operations management markets delivering significant value to its customers and partners.” “With a robust portfolio of market-leading software and SaaS solutions alongside a rich history of product innovation, we believe Quest is well positioned to capitalize on emerging growth trends in identity-centric cybersecurity, data intelligence and IT operations management software markets,” said Prashant Mehrotra, Partner, and Paul Huber, Principal at Clearlake. “Now with significant scale and completely independent, Quest is strategically differentiated in the market as a buy-and-build platform and industry consolidator, and we’re thrilled to partner with Patrick, Carolyn and the management team to help Quest accelerate growth organically and through M&A.” The transaction is expected to close in the first quarter of 2022, pending customary regulatory approvals and closing conditions. Goldman Sachs acted as sole lead financial advisor to Quest. J.P. Morgan also acted as financial advisor and Paul Hastings LLP acted as legal advisor to Quest. Silicon Valley Tech Investment Bank and Morgan Stanley along with BoA Securities, Barclays, Evercore, and William Blair acted as financial advisors to Clearlake. Sidley Austin LLP acted as legal advisor to Clearlake. Goldman Sachs, Morgan Stanley, BoA Securities, Barclays, Credit Suisse, BMO Capital Markets and Citigroup provided committed debt financing for the transaction. About Quest Quest creates software solutions that make the benefits of new technology real in an increasingly complex IT landscape. Quest helps customers solve their next IT challenge, from database and systems management to Active Directory and Office 365 management and cybersecurity resilience. Around the globe, managing over 250 million identities, more than 100,000 customers, 15,000 partners and 97 of the Fortune 100 count on Quest to deliver proactive management and monitoring for the next enterprise initiative, find the next solution for complex Microsoft challenges, and stay ahead of the next threat. About Clearlake Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $55 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. About Francisco Partners Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 300 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential.

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BUSINESS STRATEGY

Revenue Management Optimization Provider Cornerstone Capabilities Acquired by NielsenIQ

NielsenIQ | July 27, 2021

Cornerstone Capabilities, an industry-leading SaaS-based provider offering a revenue management optimization solution to consumer packaged goods (CPG) clients, was acquired by NielsenIQ today. Cornerstone’s platform features Artificial Intelligence (AI) that finds optimal regular and promotion prices to maximize profit for both manufacturers and retailers. NielsenIQ’s Connect platform, combined with Cornerstone’s AI technology Curve, and unrivaled data assets, will extend the company’s price and promotion analytics leadership by creating best in class, end-to-end revenue management solution fully integrated with clients’ financial, promotional and sales data, and scales globally. The global analytics market, according to Market Research Future (MRFR), will reach nearly $133 billion by 2026, at a 29% CAGR. Price and promotion analytics is necessary, now more than ever, especially in environments with unpredictable or rising inflation, along with the unpredictability of the Covid-19 pandemic and other macroeconomic disruptions. NielsenIQ’s flagship retail measurement and price and promotion solutions already measure 5 billion global transactions per month, covering over 300,000 traditional trade stores, tracking more than 64 million unique items, and operating in more than 90 countries, providing a truly comprehensive view of consumer behavior. Cornerstone’s acquisition by NielsenIQ is the latest milestone in its continued commitment and strategic approach to investments that further bolster its existing product offerings with cutting-edge technologies to better serve CPG clients. About NielsenIQ NielsenIQ is the leader in providing the most complete, unbiased view of consumer behavior, globally. NielsenIQ, powered by a pioneering consumer data platform and fueled by rich analytic capabilities, enables bold, confident decision-making for the world’s leading consumer goods companies and retailers. Using comprehensive data sets and measuring all transactions equally, NielsenIQ gives clients a forward-looking view into consumer behavior to optimize performance across all retail platforms. Their open philosophy on data integration enables the most influential consumer data sets on the planet. NielsenIQ delivers the complete truth.

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DDN's EXAScaler Delivers Record with Flexible Appliances that Accelerate Data Analytics

DDN | October 19, 2020

DDN, a premier provider of Artificial Intelligence (AI) and Data Management software and hardware solutions enabling Intelligent Infrastructure, today announced it had established new performance records on the STAC-M3 Benchmark with just two DDN A3I AI400X appliances. Quickly following a recent report rating DDN number-one by its customers for technical execution, future purchases, innovation, and operational roadmap, DDN now proves its leadership in Financial Analytics.

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