BIG DATA MANAGEMENT
ChaosSearch | December 01, 2021
ChaosSearch announced today that it has achieved Amazon Web Services (AWS) Data and Analytics Competency status. This designation recognizes that ChaosSearch has demonstrated success helping customers evaluate and use the tools and best practices for collecting, storing, governing, and analyzing data at any scale.
Achieving the AWS Data and Analytics Competency differentiates ChaosSearch as an AWS Partner Network (APN) member that possesses deep domain expertise in Data Analytics Platforms. To receive the designation, APN Partners must possess deep AWS expertise and deliver solutions seamlessly on AWS.
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise.
“Traditional data lakes have been known to create more work for business users, requiring significant prep and transformation before data can even be analyzed. We’ve solved that problem for our customers by creating a platform that empowers users to perform analytics within their own cloud storage environments, eliminating unnecessary upfront work and helping them get critical business insights faster. This AWS Competency solidifies that value and our commitment to helping every cloud-based organization become data-driven.”
Ed Walsh, CEO, ChaosSearch
ChaosSearch helps modern organizations Know Better™ by activating the data lake for analytics. The ChaosSearch Data Lake Platform indexes customers’ cloud data, rendering it fully searchable and enabling analytics at scale with massive reductions of time, cost and complexity.
BIG DATA MANAGEMENT
Immuta | November 30, 2021
Immuta, the leader in universal cloud data access control, today announced the general availability of Immuta software as a service (SaaS) deployment. Immuta SaaS, which recently received its SOC 2 Type 2 Certification, enables data teams to automate data access control while eliminating the need to self-manage and maintain the deployment.
Immuta’s SaaS deployment is a fully managed cloud service designed to improve data security by enabling data teams to register data from one or multiple cloud data platforms and be completely operational within minutes, guaranteeing customers a 99.9% SLA uptime for core functionality.
Immuta’s SaaS deployment is available in North America and EMEA for Snowflake, Databricks, Starburst, Azure Synapse, Amazon Redshift, and coming soon for Google BigQuery and Trino. It includes Immuta’s full suite of capabilities, including:
Universal data cloud compatibility
Scalable, attribute-based access controls
Dynamic policy enforcement and auditing
Data masking, anonymization, and advanced privacy-enhancing technologies (PETs)
“We’re seeing huge demand from global customers who are migrating data analytics to the cloud and looking for a fully hosted data access control platform that enables them to establish controls for sensitive data to meet their regulatory and internal security requirements,” said Matt Carroll, CEO, Immuta. “Immuta’s SaaS deployment offers customers the opportunity to experience the power of fine-grained data access control and unlock the full potential of their data safely and securely with zero maintenance or infrastructure costs.”
One of Immuta’s early SaaS customers is PumpJack Dataworks, which enables customers such as the NBA’s Dallas Mavericks and MLS’s Inter Miami CF to manage their fan data.
“Our Customer Data Platform is tuned specifically for the sports industry to help teams, leagues, and federations unify and manage all of their fan data across their entire ecosystem. Our customers demand strict requirements across governance, user access controls, anonymization, and audit capabilities, ensuring that a layer of trust and protection is extended across their global fan communities,” said Tom Tercek, co-founder and chief strategy officer, Pumpjack Dataworks. “In this dynamic privacy environment, Immuta’s SaaS deployment enables us to provide the highest standards of protection for fan data.”
Billie, a fast-growing fintech organization based in Berlin that is reinventing how small-and-medium-sized businesses (SMBs) handle invoices, adopted Immuta’s SaaS deployment to rapidly automate data access control and data protection. According to Igor Chtivelband, Billie’s co-founder and VP of data and CRM, “If we didn’t have Immuta, then Billie’s expansion as a business wouldn’t be possible. I’m not sure how we could do it without Immuta.”
With Immuta’s SaaS deployment, users can start experiencing the power of dynamic, fine-grained access control faster than ever. A recent GigaOm report found that Immuta’s attribute-based access controls require 75x fewer policy changes and offer significant cost savings compared to competitive solutions. Immuta was also the first data access control solution to be included on Snowflake Partner Connect.
Customers can get started using a free trial to easily convert to a production deployment while making it easier to support complex use cases like and enjoy maintenance-free deployment. For those unable to leverage Immuta SaaS, Immuta’s fully containerized self-managed deployment option enables customers to control their own cloud environment.
Immuta is the market leader in cloud data access control, providing data engineering and operations teams one universal platform to control access to analytical data sets in the cloud. Only Immuta can automate access control for any data, on any cloud service, across all compute infrastructure. Data-driven organizations around the world rely on Immuta to speed time to data, safely share more data with more users, and mitigate the risk of data leaks and breaches. Founded in 2015, Immuta is headquartered in Boston, MA.
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.
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.
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.