Datavail receives investment from Orix
ORIX Growth Capital announced today that it has completed a growth capital investment in Datavail Corp., a leading provider in the outsourced database administration (DBA) market. The investment will be used to support the company’s continued organic growth and acquisition strategy.
“Datavail is an IT managed services provider focused on data services for the midmarket and enterprise clients. With its roots in remote database administration, Datavail has grown approximately 50 percent CAGR over the past several years, expanding its offerings to include Microsoft and Oracle applications support,” said Joel Gragg, Managing Director at ORIX Growth Capital. “We were impressed with the team, delivery model, overall scale of the business and their expertise in managing across multiple database environments. The company has demonstrated a strong growth trajectory as organizations are increasingly seeking to outsource noncore IT functions, and we are excited to be partnering to help support their continued leadership position in the market.”
“ORIX provided us with a flexible financing structure that integrates with our established equity and banking relationships,” said Andrew Evans, Datavail’s CFO. “The addition of ORIX to the company’s capital providers positions Datavail for rapid growth over the coming years.”
ABOUT ORIX GROWTH CAPITAL
ORIX Growth Capital specializes in designing highly customized financing solutions for high-growth companies with investments starting around $5 million and growing to $50 million. The team has committed over $1.4 billion to more than 125 companies. ORIX Growth Capital is a business unit of ORIX USA, a Dallas-based financial services firm that has been providing innovative capital solutions that clients need to propel their business to the next level since 1981. With more than 700 employees spanning nearly 20 offices across the U.S. and Brazil, ORIX USA and its family of companies hold $6 billion of assets and manage an additional $29 billion, approximately. Its parent company, ORIX Corporation, is a Tokyo-based, publicly owned international financial services company with operations in 37 countries and regions worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX Growth Capital, visit www.orix.com.
Founded in 2007 and located in Broomfield, Colorado, Datavail provides a broad range of services in support of databases, analytics, and applications and specializes in Oracle, Oracle E-Business Suite, OBIEE and OBIA, Hyperion, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint. Datavail is a leading provider of data integration and database administration services in North America, offering 24×7 managed database, applications and BI/DW services, design, architecture, and staffing. With more than 900 employees on payroll and core operations in four countries, Datavail offers deep technical expertise in a flexible, agile engagement model that focuses on customer success. For more information visit www.datavail.com.