Ataccama receives $150 million growth investment from Bain Capital Tech Opportunities
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
TORONTO and BOSTON, June 22, 2022 /CNW/ – Ataccama, a leading provider of unified data management platforms, today announced that 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 capitalize on its significant growth and solidify its position at the forefront of the data management and governance industries.
Originating from Adastra in 2007, Ataccama offers global enterprises the ability to massively scale data-driven innovation to accelerate business results. The company’s platform, Atacama ONEunifies data governance, data catalog, data quality, and master data management functions across hybrid and cloud environments, enabling organizations to democratize their data while maintaining accuracy, control, and governance Datas.
“Companies need better, more actionable data to stay competitive in today’s changing marketplace, and they understand that requires closer collaboration between IT and business analysts,” said Dewey Awad, managing director of Bain Capital Tech Opportunities. “Ataccama’s best-in-class, cloud-enabled platform enables technical and non-technical roles to easily collaborate on data quality and governance. Demand for the platform has led to a significant increase in the company’s average deal size, fueling incredible momentum. We see an important avenue for future growth.”
In the first quarter of fiscal 2022, Ataccama welcomed on average one new customer every three days, significantly expanding its footprint in banking, financial services, insurance, life sciences, healthcare and retail. The company also doubled its annual recurring revenue (ARR) in 2021 and was named a leader in Gartner’s 2021 Magic Quadrant for Data Quality Solutions and 2021 Wave Forrester: 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 the democratization of data, while 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 fewer “data people” across the organization to create high-quality, governed, secure, and reusable data products This has propelled Ataccama’s growth in terms of annual recurring revenue and customer retention,” said Michael Klaus, CEO of Ataccama. “Bain Capital Tech Opportunities shares our corporate vision and mission, and this additional capital will allow us to meet growing demand and expand our operations while accelerating innovation. »
Ataccama has more than 450 employees and 10 offices around the world. 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 brand new location in Melbourne, Australia.
Ataccama is reinventing the way data is managed to create enterprise-wide value. 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 at unprecedented speed while maintaining trust, security and governance of your data. Learn more about www.ataccama.com.
About Bain Capital Technology Opportunities
Bain Capital Technology 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 technologies where we believe we can support transformational growth. Our dedicated and permanent team has extensive experience in supporting growing technology companies, bringing together differentiated backgrounds in private and public equity investing as well as technology exploitation roles. We invest behind long-term fundamental tailwinds as technology penetrates all sectors, 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 further information: For Ataccama, Americas, JaeMi Pennington, Metis Communications, [email protected]; EMEA and APAC, Ed Bell, Babel PR, [email protected]; For Bain Capital Tech Opportunities, Charlyn Lusk, Stanton, [email protected]