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Catalyst portfolio company Datavail acquires Accelatis



Broomfield-based Datavail acquires 4th company in past 12 months

BizWest
By Doug Storum

Datavail Corp., a Broomfield-based provider of managed services for data and database administration, on Tuesday said it has acquired Accelatis, a management-software firm based in Wilton, Conn.

Financial terms of the deal were not disclosed.

This acquisition is the fourth by Datavail in the past year. It acquired Art of BI, an Oracle business intelligence consulting firm, 12 months ago; Navantis, a Canadian-based Microsoft consultancy, six months ago; and Advanced EPM, an Oracle Platinum partner, four months ago.

The acquisitions were enabled by Datavail’s equity investors in order to expand into markets adjacent to the database and enterprise data-management services market. In December 2015, Datavail raised $47 million in a funding round led by New York-based Catalyst Investors, and including Tahosa Capital and Lumerity Capital Partners, along with existing investors Boulder Ventures, Meritage Funds and MC Investment Fund.

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Catalyst-backed Datavail raises $10 million

Datavail announced the close of $10 million in financing from an undisclosed investor. Datavail is a specialized IT services company focused on data management that offers solutions in business intelligence, analytics, database administration, custom application development, and enterprise applications. The company provides both professional and managed services delivered via its global delivery model, focused on Microsoft, Oracle, and other leading technologies.

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