Ataccama Receives $150 Million Growth Investment from Bain Capital Tech Opportunities
PR96649
TORONTO and BOSTON, June 22, 2022 /PRNewswire=KYODO JBN/ --
- Funding Will Enhance Go-to-Market and R&D Initiatives While Accelerating
Global Expansion; Will Enable the Ataccama Mission to Democratize Data in Large
Organizations
Ataccama (
), a leading unified data management platform provider, today announced it has
received $150 million in growth capital from Bain Capital Tech Opportunities (
), representing a minority investment in the company. The funds will be used to
strengthen its go-to-market engine, further invest in new product innovation
and expand its global reach. These efforts will allow Ataccama to build on its
significant growth and cement its position at the forefront of the data
management and governance sectors.
Photo -
Spun off from Adastra in 2007, Ataccama provides global enterprises with the
ability to massively scale data-driven innovation to accelerate business
outcomes. The company's platform, Ataccama ONE (
), unifies data governance, data catalog, data quality and master data
management functions across hybrid and cloud environments—enabling
organizations to democratize their data while maintaining data accuracy,
control and governance.
"Businesses require better and more actionable data to remain competitive in
today's evolving marketplace, and they understand this requires stronger
collaboration between IT and business analysts," said Dewey Awad (
), a Managing Director at Bain Capital Tech Opportunities. "Ataccama's
cloud-friendly, best-in-class platform makes it simple for technical and
non-technical roles to collaborate on data quality and governance. Demand for
the platform has driven a significant increase in the company's average deal
size, fueling incredible momentum. We see a significant runway for further
growth."
In Q1 of fiscal year 2022, Ataccama averaged welcoming a new customer every
three days, significantly expanding its footprint in the banking, financial
services, insurance, life sciences, healthcare and retail industries. The
company also doubled its annual recurring revenue (ARR) in 2021 and was named a
Leader in both the 2021 Gartner Magic Quadrant for Data Quality Solutions (
) and 2021 Forrester Wave: Data Governance Solutions, Q3 2021 (
) as well as a Challenger in the 2021 Gartner Magic Quadrant for Master Data
Management (MDM) Solutions (
).
"Large organizations are struggling to scale and decentralize their data
initiatives and enable data democratization, while at the same time keeping
their data under control from a quality, governance, privacy and security
perspective. Ataccama ONE Gen2 provides a seamless way to empower both
technical and less technical 'data people' across the organization to create
high-quality, governed, safe and reusable data products. This has propelled
Ataccama's growth in annual recurring revenue and client retention," said
Michal Klaus, Chief Executive Officer of Ataccama. "Bain Capital Tech
Opportunities shares our business vision and mission, and this additional
capital will enable us to meet growing demand and scale our operations while
accelerating innovation."
Ataccama has more than 450 employees and 10 offices globally. In 2021, it added
more than 150 new employees to its team, a year-over-year increase of nearly
160%. It also recently announced the opening of its newest location in
Melbourne, Australia (
).
About Ataccama
Ataccama reinvents the way data is managed to create value on an enterprise
scale. Unifying Data Governance, Data Catalog, Data Quality and Master Data
Management into a single, AI-powered fabric across hybrid and cloud
environments, Ataccama gives your business and data teams the ability to
innovate with unprecedented speed while maintaining trust, security and
governance of your data. Learn more at www.ataccama.com.
About Bain Capital Tech Opportunities
Bain Capital Tech Opportunities ( www.baincapitaltechopportunities.com ) aims
to help growing technology companies reach their full potential. We focus on
companies in large, growing end markets with innovative or disruptive
technology where we believe we can support transformational growth. Our
dedicated, tenured team has deep experience supporting growing technology
businesses—bringing together differentiated backgrounds in private and public
equity investing as well as technology operating roles. We invest behind
fundamental long-term tailwinds as technology penetrates across industries,
creating a large and growing number of investment opportunities. Bain Capital
Tech Opportunities focuses on five priority sub-verticals: Application
Software, Infrastructure & Security, Fintech & Payments, Healthcare IT and
Internet & Digital Media.
For Ataccama, Americas, JaeMi Pennington, Metis Communications,
Ataccama@metiscomm.com; EMEA & APAC, Ed Bell, Babel PR,
ataccama_uk@babelpr.com; For Bain Capital Tech Opportunities, Charlyn Lusk,
Stanton, clusk@stantonprm.com
SOURCE Ataccama
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