After recently relocating its headquarters from New York to Burlington, Precisely has now signed a deal to acquire an automation and data-management company based in Greater Seattle.
The acquisition of Washington-based Winshuttle LLC adds process-automation and master data management software to Precisely's data-quality and compliance management offerings.
Precisely itself is relatively new as a company — it was formed through the acquisition of the Pitney Bowes software and data business by Syncsort in December 2019. This past March, Boston-based private-equity investor TA Associates, with Clearlake Capital Group LP, purchased a majority stake in Precisely. Its main shareholder at the time, Centerbridge Partners, retained a minority equity stake.
CEO Josh Rogers, who has been with the original data company for 12 years, became chief executive in 2016.
“Since I became CEO, the company has gone from being a specialized data integration provider, to being the global leader in data integrity,” said Rogers, who initially served in sales for about four years before taking the role of president and then CEO.
Precisely officials say 84% of CEOs do not trust the data they're using to make decisions. Two-thirds of organizations struggle with integrating data from multiple different sets, much of which is siloed.
“All large enterprises are looking to get trusted data they can use for analytics and to make business decisions,” Rogers said.
Now headquartered in Burlington, the company employs about 2,000 people total and is looking to hire “aggressively” following its latest acquisition, officials said.
Precisely serves over 12,000 customers, a majority of which are large enterprises such Bank of America and AT&T.
“During the pandemic, enterprises have been spending trillions of dollars trying to drive digital transformation across their businesses,” Rogers said.
Precisely works to help by aiding companies in finding new customers, analyzing their behaviors to better serve customers and building digital products by using integrated data to fuel company growth.
