Portfolio News

Catalyst-backed Datavail raises $10 million



Enterprise IT Startup 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.

The company was incorporated in 2007 and is based in Broomfield, CO, with an additional office in Mumbai, India.

Portfolio News

Catalyst portfolio company Datavail acquires Accelatis

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

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Catalyst News

TechCrunch: Advice from Catalyst’s Brian Rich before taking on new investors

Fundraising is a stressful process. You do all you can to impress prospective investors by honing the story, optimizing key metrics and making your company look as attractive as possible. But before you decide the amount of money you raise and the type of investor you want on board, you must decide the kind of relationship you intend to have with your new partner — what role they will assume and how you foresee working together. The question is, will you lead, follow or get out of the way?

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