The investment puts the data-management company’s valuation at $550 million, sources told TechCrunch, although CEO Michal Klaus declined to confirm the amount to The Logic. The investment gives Bain Capital a minority stake in the company. (The Logic, TechCrunch)
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The investment puts the data-management company’s valuation at $550 million, sources told TechCrunch, although CEO Michal Klaus declined to confirm the amount to The Logic. The investment gives Bain Capital a minority stake in the company. (The Logic, TechCrunch)
Talking point: Founded in 2007, Ataccama sells a platform for managing data quality and governing its use. It is a spin-off subsidiary of Toronto-based Adastra, a company that helps businesses digitize their operations. According to Klaus, this is the company’s first fundraising round and the funding will be used to ramp up “go-to-market” activities like marketing, sales, customer service and branding. He said the company plans to expand its workforce from 468 to over 500 people by the end of the year. It recently opened an office in Melbourne, Australia.
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