Software AG has acquired JackBe Corp. No financial terms were disclosed. Clearsight Advisors advised JackBe Corp. on the transaction. Based in Chevy Chase, Maryland, JackBe, which was backed by Core Capital Partners, Harbert Venture Partners and Blue Chip Ventures, is a provider of real-time visual analytics and intelligence software solutions.
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce the completion of another highly successful transaction in the Big Data sector. Clearsight served as the exclusive strategic and financial advisor to JackBe Corporation on its acquisition by Software AG, (FRA: SOW) a $2 billion world leader in enterprise management software.. JackBe is a leading provider of real-time visual analytics and intelligence software to marquee clients across the commercial and government markets. This transaction underscores Clearsight’s focus on the Big Data software and services market as well as cross border M&A expertise.
Visualization and analytics are becoming increasingly important in managing the technological megatrend of big data. Providing rapid deployment and a mash-up of different data sources, JackBe will serve as the foundation for Software AG’s new webMethods Intelligent Business Operations Platform. The platform will provide customers with an integrated, real-time awareness of dynamic operations and processes via easy-to-use visualizations resulting in better business outcomes. “This transaction underscores Clearsight’s Big Data sector knowledge, and more broadly our capabilities and expertise across the enterprise software industry,” said Gretchen Guandolo, Managing Director of Clearsight.
Increasing digitization is challenging many enterprises to rethink and modernize their business models by implementing innovative cloud, mobile, social collaboration, and big data technologies. This makes it necessary to extend the enterprises’ existing IT solutions. In this context, the visualization and analytics of big data are becoming key elements in delivering competitive advantages.
“The amount of produced data is growing exponentially”, said Software AG’s Chief Technology Officer, Dr. Wolfram Jost. “Consequently, the analysis and visualization of this huge data amounts in real-time will become more and more the basis for fast and intelligent business decisions. With the capabilities of JackBe, we will develop further innovative solutions for our customers in order to support their development towards a digital enterprise.”
Software AG has acquired JackBe’s U.S. headquarters in Chevy Chase (Maryland), its research and development facility based in Silicon Valley as well as its Latin American office in Mexico City. JackBe has a broad customer base in federal government, financial services and the manufacturing sector which for example include General Electric, Procter & Gamble, Qualcomm, AT&T, and Intel. The company was founded in 2003 and has around 70 employees.
“The Clearsight team brought extraordinary creativity and industry knowledge to the table, and worked tirelessly on behalf of the JackBe shareholders. Our management team and investors received dedicated senior attention throughout the entire process. Clearsight really delivered for JackBe,” said Ken Krieg, Executive Chairman of JackBe.
Guandolo also said, “It is our mission at Clearsight to exceed client expectations, to ensure that we are finding the right partners on the right terms.” This represents Clearsight’s third Big Data transaction for the year including Semphonic’s sale to Ernst and Young and Stratigent’s sale to Ebiquity.