Datavail Raises $47 Million, Attracts New Investors
Catalyst Investors, Tahosa Capital Partners Join Board
BROOMFIELD, COLO. – Dec. 17, 2015 – Datavail, North America’s largest pure play remote database management services firm, has raised $47 million in new capital to fund future growth initiatives, including expansion into markets adjacent to the burgeoning database services market.
Datavail, which has quadrupled in size over the last four years, and named to the Inc. 5000 Fastest Growing Private Companies list four years in a row, serves more than 300 clients and has more than 500 employees. Datavail provides outsourced DBA services for enterprise and mid-market clients that rely on 24×7 monitoring and response for mission-critical databases. Services cover major database platforms including Oracle, Oracle Applications, SQL Server, DB2, MySQL, MongoDB and SharePoint.
“We are very excited about the path we have traveled to get where we are and even more excited about the future,” said Mark Perlstein, President and CEO of Datavail. “The market for data-related services that deliver high quality with respect for our clients’ budgetary objectives is growing dramatically and Datavail is best positioned to meet this exploding demand from customers.”
Perlstein noted that while the majority of Datavail’s growth has been organic, the company is already identifying potential mergers and acquisitions to complement its services, and contribute aggressively to future growth.
Leading this round of funding as majority investor is growth equity firm Catalyst Investors. 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 is the recognized leader in the outsourced DBA space,” said Newton. “Most importantly, 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.”
Peter Roshko, Partner of Boulder Ventures, and a member of Datavail’s board and investment team since 2008, expressed his excitement with the Company and the funding round. “Datavail is a well-managed company that has proven it knows how to seize market opportunities resulting in high quality services for clients and significant opportunities for investors. We are proud to have been with Datavail since its inception and remain even more enthusiastic about its future potential.”
About Datavail
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. For more information, visit www.datavail.com.