Irvine-based software maker Vision Solutions Inc. has changed hands again as part of a $1.2 billion sale between two private equity firms.
Santa Monica-based Clearlake Capital Group sold Vision Solutions and fellow enterprise software maker Syncsort Inc. in Pearl River, N.J. in a packaged deal to Centerbridge Partners, a New York firm with $14 billion in capital commitments across three closed-end funds.
Clearlake, which acquired Vision Solutions last year and Syncsort in 2015 on undisclosed terms, has over $4 billion of assets under management in more than 90 investments.
More than 12,000 customers in 70 countries use Vision Solutions’ software, which is designed to back up data and keep servers running during maintenance or in the case of a disaster.
The company entered the year as OC’s 20th largest software developer with an estimated 100 employees.