BOSTON--(BUSINESS WIRE)--Audax Private Equity, has completed the sale of Data Intensity, LLC to EQT Mid Market US
Founded in 2001, Data Intensity helps its customers increase the value of their enterprise software and improve the efficiency of critical business processes. The Company cost-effectively supports the full scope of a customer’s enterprise data, making their most critical applications and data manageable and actionable. The Company manages more than 3,000 application instances and 10,000 databases across multiple IT environments including on premise, private cloud, public cloud, and hybrid cloud. Data Intensity is headquartered in Bedford, Massachusetts with over 650 employees and operations in the U.S., U.K., Europe, Australia, and India.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “The Data Intensity team transformed the company from an entrepreneurial run business into a global provider of application and database managed services through organic growth and acquisition of strategic assets with new capabilities and international reach. We wish Kirk and her team continued success with their new partner.”
Kirk Arnold, Chief Executive Officer, Data Intensity, said “Audax has been instrumental in helping us to grow Data Intensity over the last five years. Together we have successfully diversified our service offering, invested in our customer support infrastructure, and expanded to international markets. The business is well positioned to capitalize on the shift to hybrid cloud and we look forward to the next phase of Data Intensity’s growth.”
Ropes & Gray LLP served as legal advisor to Data Intensity and Audax Private Equity. Kirkland & Ellis LLP served as legal advisor to EQT. Jefferies LLC and DH Capital LLC served as financial advisors to Data Intensity. Golub Capital provided financing for the transaction.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 106 platform and 592 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has $11.5 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website www.audaxgroup.com.
ABOUT DATA INTENSITY
Data Intensity is a leading independent managed services provider for enterprise databases, applications, business intelligence solutions, and analytics. Our expertise in applications, infrastructure, and cloud platforms helps organizations optimize their software investments and business processes, achieving higher availability, performance, velocity, and scalability. Our solutions combine best-in-category technology, world-class services, a flexible business model, and deep expertise gained from partnering with our customers. Our goal is to cost-effectively support the full scope of a customer’s enterprise data lifecycle, making their most critical applications and data manageable and actionable. For further information, please visit www.dataintensity.com.