MSP Datavail Acquires EPM Software Firm Accelatis
Managed service provider Datavail has acquired Accelatis, a software company best known for its enterprise performance management (EPM) platform.
This is the fourth acquisition for Datavail in the last year, but the first purchase of a software company. While it’s not all that unusual for a software firm to buy an MSP, the reverse is rare.
Datavail specializes in managed services for database platforms like Microsoft, Oracle, MySQL, MongoDB and more. Recent Datavail acquisitions involved technology consulting firms: Art of BI, which specializes in Oracle Business Intelligence; Navantis, a Microsoft consultancy; and Advanced EPM, an Oracle Platinum Partner focused on Hyperion and EPM consulting.
Accelatis founder, president and CEO Jonathan Berry will become CTO at Datavail. In a statement, Datavail said the company will benefit from Berry’s deep Oracle Hyperion expertise, garnered as an 11-year member of the original Hyperion Financial Management (HFM) development team, as well as his success bringing Accelatis products to market.
“Accelatis’ solutions immediately benefit our Oracle customers, especially those with Hyperion environments,” Datavail COO Scott Frock, said in the statement. “Under Jonathan’s leadership, we expect to broaden the platform’s capabilities to manage additional applications and databases.”
About Datavail and Accelatis
Broomfield, Colorado-based Datavail describes itself as North America’s largest provider of managed services for data and database administration. The MSP also offers analytics and application services and support.
Datavail specializes in Oracle products, including Oracle E-Business Suite, OBIEE, OBIA and Hyperion, as well as Microsoft SQL Server and Sharepoint, MySQL, MongoDB, and IBM Db2.
Founded in 2007, the company has 900 employees in four countries and enterprise clients worldwide, managing data services both on-premise and in the cloud.
Wilton, Connecticut-based Accelatis, founded in 2008, sells application performance management (APM) software for EPM systems to a client base that includes Fortune 500 companies down to mid-market customers.
The company was founded by Hyperion technologists to “deliver long-term value” to Oracle Hyperion EPM clients. Accelatis’ Ascension Suite is billed as a single place for Hyperion infrastructure management, automation, application monitoring, system monitoring, performance optimization and more.
Private Equity Funding
Datavail said this and other acquisitions were made possible by its growth equity investors. All of the purchases were made with the intent of expanding into markets adjacent to database and enterprise data management, the company said in a statement.
In recent years, private equity firms have been snatching up MSPs, helping companies make acquisitions and hire new executive leadership.
In December 2015, Datavail received $47 million in private equity capital in its largest-ever investment. By then, the company had already quadrupled in size over four years.