Portfolio News

Catalyst portfolio company Datavail acquires Navantis

Broomfield-based Datavail Corp. acquires company in Toronto

By Doug Storum

BROOMFIELD — Datavail Corp., a Broomfield-based provider of managed services for data and database administration, on Wednesday said it has acquired Navantis Inc., a 200-person firm based in Toronto, Canada.

Financial terms of the deal were not disclosed.

Navantis, a Microsoft Premier Partner, will become Datavail’s Microsoft Solutions Division, which will be led by Navantis’ chief executive, Andy Papadopoulos.

Navantis’ offerings include application development, support and systems integration across the Microsoft Dynamics customer-relations management system, SharePoint and .NET services suites.

The acquisition  is part of Broomfield-based Datavail’s growth strategy. It will allow Datavail to expand into Microsoft-oriented consulting, application development and modernization solutions.

“We’re excited to welcome the Navantis team to Datavail to expand and deepen our footprint in the Microsoft application modernization, development and integration space,” said Scott Frock, Datavail’s chief operating officer. “Their reputation in the Microsoft world among both clients and partners is unparalleled, and we believe we can combine our data-centric expertise with Navantis’ applications expertise to bring an extended range of offerings and solutions to our clients.”

Datavail manages the data services for hundreds of clients, both on premise and in the cloud, and works with those clients on end-to-end managed operations and support.

“Datavail is one of the few companies that has truly built a 24×7 managed services model for its clients,” said Papadopoulos. “Together we can now build and manage our clients’ application and data services so they can focus on growing their businesses.”

This acquisition is the second by Datavail in the past year. It acquired Art of BI, an Oracle business-intelligence consultancy, in July. Both acquisitions were enabled by Datavail’s $47 million capital-funding round in December 2015.

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Bringing Growth Equity Back Home (and Across the US)

By Mia Hegazy

Catalyst considers Pittsburgh to be one of the “lesser ventured regions” across the US and it has caught our attention. We have seen some of the most exciting companies spring up in areas outside of the traditional tech hotbeds. So why is a Pittsburgh (or an Indianapolis, a Salt Lake City, a Denver, a Portland, etc.) the perfect place to search for growth equity opportunities? And if you’re an entrepreneur in one of these regions, why should you call us? Read on!

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