July 10, 2017 Alex Woodie
To say that it was busy couple of days for Vision Solutions last week would be an understatement. On Wednesday, the company announced its acquisition of IBM i security firm Enforcive. The following day, Vision announced that it was being bought by Centerbridge, a private equity firm that intends to merge it with ETL provider Syncsort.
When all the smoke from the fireworks cleared, here’s how the chips landed: Clearlake Capital Group, which acquired Vision Solutions barely a year ago and bought Syncsort in 2015, was offered $1.2 billion by Centerbridge Partners for majority stakes in both firms. That …Read more