ORIX Growth Capital announced today that it has completed a growth capital investment in Datavail Corp., a leading provider in the outsourced database administration (DBA) market. The investment will be used to support the company’s continued organic growth and acquisition strategy.
“Datavail is an IT managed services provider focused on data services for the midmarket and enterprise clients. With its roots in remote database administration, Datavail has grown approximately 50 percent CAGR over the past several years, expanding its offerings to include Microsoft and Oracle applications support,” said Joel Gragg, Managing Director for ORIX Growth Capital. “We were impressed with the team, delivery model, overall scale of the business and their expertise in managing across multiple database environments. The company has demonstrated a strong growth trajectory as organizations are increasingly seeking to outsource noncore IT functions, and we are excited to be partnering to help support their continued leadership position in the market.”
“ORIX provided us with a flexible financing structure that integrates with our established equity and banking relationships,” said Andrew Evans, Datavail’s CFO. “The addition of ORIX to the company’s capital providers positions Datavail for rapid growth over the coming years.”