Catalyst portfolio company Datavail acquires Accelatis
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.