CIVC Partners, L.P., a Chicago, IL-based middle market private equity firm focused on investments in the business services sector, acquired Datavail Corp., a Broomfield, CO-based data managed services provider, from a group of growth investors led by Catalyst Investors.
The amount of the deal was not disclosed.
Led by CEO Scott Frock, Datavail is a data managed services provider, offering database management, data and analytics services, and application implementation, development, and support services. It was founded in 2008 as a carve-out of the managed database services division of Stratavia, a provider of database and data center automation software. Since then, through a series of acquisitions and under the leadership of Frock, Datavail has become a full-service managed services provider helping mid-market, enterprise and SMB clients effectively manage their data and applications both in the cloud and in on-prem environments.
Commenting on the deal, CEO Scott Frock said: “We are excited to be partnering with a CIVC team that shares our vision for Datavail and has the experience across IT services to help us achieve our vision and accelerate our growth trajectory. CIVC has been an active investor in the managed services and IT services sectors for more than a decade and has a long track record of success partnering with management teams. We expect CIVC to be a value-added partner and help Datavail execute on both organic and inorganic growth initiatives, including investing in the further tech-enablement of our platform with tools like Datavail TechBoost™ and Datavail ServiceBoost™, enhancing our sales strategy through further cross-selling of services, increasing momentum within our alliance channels, and leveraging our best-in-class digital marketing to drive lead flow.“
FinSMEs
17/01/2024