Delphix’s widely-used DataOps platform has changed hands. Perforce Software confirmed to QA Financial it has reached an agreement to buy the company behind the popular data management software platform.
Jim Cassens, the chief executive officer of Perforce Software, a provider of solutions to enterprise teams that is backed by Francisco Partners and Clearlake Capital Group, said his company has signed an agreement to acquire Delphix.
The rationale behind the acquisition? “Delphix’s data management software platform enables scalable automation, governance, and compliance of enterprise data throughout the application lifecycle,” Cassens explained.
He declined to disclose any financial terms, but Cassens did stress that “the addition of Delphix to our portfolio adds critical data management capabilities that help enterprise organizations realize an automated and accelerated DevOps pipeline.”
Moreover, he stressed that “in addition to data automation and compliance, we are also excited to provide our customers with the operational efficiencies and reduced costs afforded by the Delphix platform through lower storage expenditures and footprint.”
Value of data
Nowadays, many banks, insurance firms, pension funds and other finance players consider data to be one of their most important assets.
The ability to harness, mine and analyse data that is generated daily has become critical to making decisions and creating competitive advantages, with ‘data is the new gold’ rapidly becoming the mantra in many Wall Street and City of London offices.
It is precisely for that reason that Perforce agreed to acquire Delphix, Cassens highlighted, as “their platform supports customers as they look to scale data usage for analytics and testing purposes, while releasing applications up to 200% faster.”
He went on to point out that “its capabilities in data virtualization and data masking allow organizations to more easily spin up, refresh, and tear down private and public cloud-based data environments, enhancing application delivery pipelines.”
Moreover, the addition of Delphix builds on Perforce’s existing infrastructure automation offering through acceleration of on-demand delivery, self-service test environments, and continuous testing offerings to deliver Shift Left testing with accurate, compliant, and timely test data, Cassens said.
Minneapolis-based Perforce is private equity-backed, with its two key investors being Francisco Partners and Clearlake Group. The company has been highly acquisitive in recent years.
In 2022 it bought Puppet, an infrastructure automation and compliance platform, while in 2021, Perforce acquired the BlazeMeter testing platform from CA Technologies.
Two years earlier, in 2019, it snapped up Perfecto, a leading mobile and web testing company.
Popular platform
Delphix, which was founded in 2008, provides an intelligent data platform that accelerates digital transformation for companies around the world.
Jedidiah Yueh (pictured right), co-founder and since December 2019 the CEO of Delphix, said he agreed to the acquisition because, “as part of Perforce, we will be positioned to continue innovating and help more customers realize the strategic power of our data platform.”
The uptake of its DataOps platform surged in recent years as it supports a relatively broad spectrum of systems from mainframes to Oracle databases, ERP applications, and Kubernetes containers.
Based in Redwood City, California, the company employs around 640 people.
Yueh explained that “we founded Delphix over 15 years ago to help companies automate data and accelerate digital transformation. Today, we enable data governance, compliance, and automation across the multicloud for many of the world’s biggest brands.
The acquisition is expected to close in the second quarter of this year.
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