Datavail acquires Hawthorne backed Navantis

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In: M&A/Exit Deals, Ontario, IT and Telecom, United States

Datavail Corporation, a leading provider of managed services for data integration, management and database administration, has acquired Navantis Inc., a 200-person Microsoft Premier Partner. Financial terms were not disclosed.

Toronto based Navantis was founded by John Kvasnic and Jason Martin in 1998 and financed by Genuity Capital Partners, now Hawthorne Partners.

This acquisition is the second by Datavail in the past year. In July 2016, it acquired Art of BI, an Oracle Business Intelligence (BI) consultancy. Both acquisitions were enabled by Datavail’s US $47 million capital funding round in December 2015.

Founded in 2007, Broomfield, Colorado based Datavail is backed by Catalyst Investors, Tahosa Capital, Lumerity Capital Partners, Boulder Ventures, Meritage Funds and MC Investment Fund.

photo credit: Navantis

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.

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