– USA, CO – Datavail, the largest provider of remote database administration (DBA) services in North America today announced that Growth equity firm Catalyst Investors led the recent $47 million majority investment in the company. Tahosa Capital and Lumerity Capital Partners participated in the round, as did existing investors Boulder Ventures, Meritage Funds and MC Investment Fund (Montis).
Catalyst Partner Tyler Newton and Principal Susan Bihler joined the company’s Board of Directors along with Tahosa Capital’s Derek Pilling.
Datavail provides outsourced DBA services for enterprise and mid-market clients that rely on 24×7 monitoring and response for mission critical databases. The Company provides managed services, project consulting services, staff augmentation and operational support for Oracle, Oracle Applications, SQL Server, DB2, MySQL, MongoDB and SharePoint.
“Datavail is the recognized leader in the outsourced DBA space,” said Mr. Newton. “Datavail is led by a world-class management team that consistently innovates the DBA delivery model, accruing to the benefit of its customers. We are excited to help the company invest in its continued rapid growth.”
“Having more than quadrupled our size in the last four years, Datavail is poised to seize opportunities in the growing database administration and even broader data-driven services markets,” said Mark Perlstein, President and CEO of Datavail. “With its background in technology-enabled services companies, Catalyst is the perfect partner to help us grow the company and deliver our services to even more enterprise and mid-market clients.”
About Catalyst Investors
Catalyst Investors is a New York City-based growth equity firm focused on technology-enabled services including cloud computing, wireless infrastructure and digital media. Founded in 1999 and investing out of its $377 million fourth fund, Catalyst draws on deep sector expertise and an extensive network of industry leaders to work in true partnership with management to create long-term value. The firm makes both minority and majority investments of up to $60 million in rapidly growing companies.
Datavail Corporation is the largest pure-play provider of remote database administration (DBA) services in North America, offering 24×7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite/offsite, onshore/offshore service delivery options to meet each customer’s unique business needs. Founded in 2007, Datavail is based in Broomfield, Colorado and supports enterprise clients located worldwide.
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