Managed Application and Database Services Provider Data Intensity Acquired by Alternative Investments Firm EQT
August 13, 2017
Managed application and database services provider Data Intensity LLC (Data Intensity) has been acquired by alternative investments firm EQT Partners (EQT). Data Intensity, which has headquarters in Bedford, Massachusetts, United States, specializes in the “deployment and management of enterprise applications and underlying database technologies for Oracle and Microsoft environments”. Established in 2000, the company offers application management and managed cloud services. Data Intensity will leverage EQT's industry presence and technical knowhow to “to fuel organic growth and capitalize on hybrid cloud managed services opportunity”.
EQT, which has a presence in Amsterdam, Copenhagen, Helsinki, Hong Kong, Oslo, London, Madrid, Munich, New York, Shanghai, Singapore, Stockholm, and Zurich, is a “leading private equity group” with over 35 billion euros in raised capital. EQT purchased Data Intensity from Madrid, Spain-based Audax Private Equity. The acquisition will result in a partnership that will “fuel the next stage of the company's growth”. The company plans to expand globally establish leadership in the hybrid cloud managed services market. Financial aspects of the deal have not been released.
"We have been impressed by Data Intensity's talented management team, deep technical and functional capabilities and track record of customer excellence,” explained EQT partner Brendan Scollans. “The company's strong historical growth and management's proven ability to successfully integrate multiple acquisitions make Data Intensity an ideal platform for us. We look to invest in high-quality companies that are entrepreneurial, innovative and can develop new products, services and markets. EQT's expertise in the technology and services sectors, along with our global network of offices and industry advisors, will accelerate Data Intensity's growth and expansion strategy."