Bowstring Advises Datavail in its Acquisition of Accelatis
August 31, 2017 | Atlanta, GA
Bowstring Advisors (“Bowstring”) served as the exclusive financial advisor to Datavail, a leading provider of managed services for applications, business intelligence, and databases, in its recent acquisition of Accelatis, an enterprise performance management software platform company.
Founded in 2008, Accelatis provides a comprehensive Application Performance Management (APM) software solution to its worldwide client base. Accelatis was founded to deliver long-term value to clients by providing unprecedented visibility into their applications. The Accelatis software platform is a single place for Infrastructure Management, Automation, Application Monitoring, System Monitoring, Performance Optimization, Performance Testing and User Simulation. Accelatis’ clients include Fortune 500 as well as other enterprise and mid-market companies.
“Joining the Datavail team enables Accelatis to broaden its capabilities and provide a more comprehensive solution and set of services to our customers,” said Jonathan Berry, Accelatis founder and current president and CEO.
Datavail manages the data services for over 400 clients, both on premises and in the cloud, and works with those clients on comprehensive, end-to-end managed operations, and support. This acquisition is the fourth by Datavail in the past year. It acquired Art of BI, an Oracle business intelligence (BI) consultancy, in July 2016; Navantis, a Canadian-based Microsoft consultancy, in January 2017; and Advanced EPM, an Oracle Platinum partner focused on Hyperion and EPM consulting, in March 2017.
With this acquisition, Berry will become the CTO of Datavail. Berry has deep Hyperion (acquired by Oracle in 2007) expertise, garnered as an 11-year member of the original Hyperion Financial Management (HFM) development team, and will lead Datavail’s continued foray into development of tech-enabled intellectual property that augments its managed services.
“Accelatis’ solutions immediately benefit our Oracle customers, especially those with Hyperion environments,” said Scott Frock, COO of Datavail. “Under Jonathan’s leadership, we expect to broaden the platform’s capabilities to manage additional applications and databases.” Andrew Evans, CFO of Datavail, mentioned, “The Bowstring Advisors team has accelerated our acquisition strategy tremendously. As we further develop multiple segments of our business, we look forward to continuing our strong partnership together.”
Don Holbrook, Managing Director of Bowstring Advisors, commented, “The acquisition of Accelatis is a perfect fit for Datavail’s growth strategy. The combination of both companies’ areas of expertise will be powerful.”
The Bowstring Advisors team has accelerated our acquisition strategy tremendously. As we further develop multiple segments of our business, we look forward to continuing our strong partnership together.