CA Strategy Head Jaffe Takes CEO Post at Syncsort
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Lonne Jaffe, who ran strategy for CA Technologies Inc. (CA), has joined Syncsort Inc. as chief executive officer of its data integration business, where he will focus on expanding the company’s big-data service through acquisition.
Jaffe will help the 45-year-old company capture a larger slice of businesses that let customers mine vast troves of information to make better decisions, Deven Parekh, a managing director of Insight Venture Partners, said in an interview. Before he joined CA, Jaffe was vice president of software technology while at International Business Machines Corp. (IBM)
“He has a skill set to be a chief technology officer, but at the same time has an understanding of mergers and acquisitions and he executed on M&A strategy at both IBM and CA,” said Parekh. “We have not been particularly M&A oriented and have not looked at much from the standpoint of inorganic growth and Lonne clearly brings that to the table.”
Parekh points to Jaffe’s experience at CA, which is undergoing a mix of acquisitions and divestitures to help compete with younger technology rivals. The company this month purchased Layer 7 Technologies, which helps businesses manage application programming interfaces. In April, the Islandia, New York-based company acquired Nolio, which provides tools for software developers.
Woodcliff Lake, New Jersey-based Syncsort had more than $100 million in revenue last year. The company, which is owned by Insight, Bessemer Venture Partners, Goldman Sachs Group Inc., Georgian Partners and co-founder Aso Tavitian, is being split into two operating parts, with Jaffe overseeing the data integration business, which represents about 70 percent of revenue. Flavio Santoni, who previously was CEO of the entire company, will oversee the data-security unit.
Jaffe said the data-protection business will eventually become a separate company. He will also focus on expanding the company’s Hadoop service, an open-source software that helps process large sets of data.
“We want to scale up the Hadoop business, the mainframe business, and also use acquisitions to grow inorganically,” Jaffe said.
Josh Rogers, who helped developed the company’s big data strategy, has been promoted to president of the data integration business.
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