Insight Partners and Partners Group to Make a Strategic Investment in Precisely
Precisely (“Precisely” or the “Company”), a global leader in data integrity software, announced that Insight Partners (“Insight”) and Partners Group, acting on behalf of its clients, have signed a definitive agreement to make a significant strategic investment in the Company. Insight and Partners Group will join Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), TA Associates (“TA”), and Centerbridge Partners (“Centerbridge”) as institutional investors in Precisely. Terms of the transaction were not disclosed.
Precisely provides comprehensive software, data, and strategic services across the data integrity spectrum. The Company’s software solutions are utilized by over 12,000 enterprise customers, including 99 of the Fortune 100, and enable companies to sustain trusted, accurate data and improve decision making. Since Clearlake and TA’s majority investment in Precisely in 2021, the Company has completed five acquisitions, demonstrating its commitment to delivering the industry’s most comprehensive and robust data integrity software portfolio. The additional capital from Insight and Partners Group will enable Precisely to extend its strong market position through continued product innovation and acquisitions. Precisely will continue to be led by its current CEO, Josh Rogers, and the existing management team.
“Insight and Partners Group’s investment in Precisely reflects confidence in our growth plans and ongoing expansion as the most diversified platform of scale in data integrity,” said Josh Rogers, CEO of Precisely. “Enterprises around the world are increasingly focused on utilizing data to make trusted business decisions. They require data with maximum accuracy, consistency, and context. With our added breadth of solutions, Precisely is uniquely positioned to deliver value to our customers across the entire spectrum of data integrity. We’re excited to continue our partnership with Clearlake, TA, and Centerbridge, and welcome Insight and Partners Group’s support in helping us accelerate our organic and buy-and-build strategy.”
“Precisely has continued to demonstrate its ability to innovate and identify software solutions that best address the complex data quality challenges facing enterprises today,” said Harry Taylor, Managing Director, and Michael Libert, Director, at TA. “We believe the Company is well positioned for further expansion to support businesses and meet the increasing demand for data integrity software. We are thrilled to welcome Insight and Partners Group, and to continue our partnership with Clearlake, Centerbridge, and the entire Precisely team, as we aim to promote innovation and growth.”
“Precisely has become a leader in the data integrity segment, helping enterprise customers make informed business decisions across verticals including financial services, insurance, healthcare, retail and more,” said Deven Parekh, Managing Director at Insight Partners. “Insight has a long history with Precisely and is thrilled to be partnering with them again as they continue to leverage their strategic position for organic growth and strategic M&A.” Eoin Duane, Managing Director at Insight Partners, will join Precisely’s board.