Datavail Corp. raises $47M funding round

BROOMFIELD — Datavail Corp., a provider of remote database administration services based in Broomfield, has raised $47 million in funding led by Catalyst Investors.

New York City-based Catalyst was joined in the round by Tahosa Capital and Lumerity Capital Partners, along with existing investors Boulder Ventures, Meritage Funds and MC Investment Fund.

Catalyst partner Tyler Newton and principal Susan Bihler, along with Derek Pilling of Tahosa Capital, joined Datavail’s board of directors.

SPONSORED CONTENT

Business Cares: April 2024

In Colorado, 1 in 3 women, 1 in 3 men and 1 in 2 transgender individuals will experience an attempted or completed sexual assault in their lifetime. During April, we recognize Sexual Assault Awareness Month with the hopes of increasing conversations about this very important issue.

Datavail provides outsourced database administration services for enterprise and mid-market clients that rely on constant monitoring and response for mission critical databases. The company provides managed services, project-consulting services, staff augmentation and operational support for Oracle, Oracle Applications, SQL Server, DB2, MySQL, MongoDB and SharePoint.

Founded in 2007, Datavail reported 2014 revenue of $26.3 million and employs 452 workers.

Mark Perlstein, Datavail’s president and chief executive, said the company will use the money and Catalyst’s experience with technology-enabled services companies, to acquire more enterprise and mid-market clients.

“Having more than quadrupled our size in the last four years, Datavail is poised to seize opportunities in the growing database administration and even broader data-driven services markets,” Perlstein said.