Clearlake Capital sells software firms to Centerbridge Partners for $1.26 billion, SpaceX and ULA asked to bid on five launches by U.S. Air Force, and VP Pence is bullish on SpaceX.
Santa Monica’s Clearlake Capital Group has combined two of its portfolio companies - Syncsort Inc. and Vision Solutions Inc. - and sold the combined entity to New York’s Centerbridge Partners for $1.26 billion, reports the Business Journal. Clearlake said in a Thursday release the firm would continue to hold a meaningful stake in the new entity, which will keep the Syncsort name.
SpaceX and competitor United Launch Alliance were asked by the U.S. Air Force to bid on five launch contracts all at once, reports SpaceNews. By doing five launch proposals at once, the Air Force aims to make its acquisition process more efficient and allows the contractors to put in one proposal.
Vice President Mike Pence seemed bullish on the prospects of SpaceX in a speech he gave at the Kennedy Space Center in Florida, reports Ars Technica. In the speech, Pence appeared interested in coordinating efforts by the U.S. military, civil and commercial space sectors.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.