Data Intensity announced it has been acquired by EQT Partners ("EQT") from Audax Private Equity. The partnership with EQT will contribute the next stage of the company's growth, including global expansion and leadership in the rapidly changing hybrid cloud managed services market.
EQT is a leading alternative investments firm with approximately $43 billion in raised capital across 24 funds. EQT funds have portfolio companies in the U.S., Europe and Asia with total annual sales of more than $22 billion and approximately 110,000 employees. With a focus on sustained growth and long-term value creation, EQT portfolio companies have, on average, increased their number of employees by 9%, revenue by 10% and earnings by 11% annually during EQT's ownership.
"We have been impressed by Data Intensity's talented management team, deep technical and functional capabilities and track record of customer excellence. The company's strong historical growth and management's proven ability to successfully integrate multiple acquisitions make Data Intensity an ideal platform for us," said Brendan Scollans, Partner at EQT Partners. "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."
"As enterprises in data-intensive industries continue the shift to the hybrid cloud, there is an emerging growth opportunity at the intersection of our expertise in application managed services, public and private cloud delivery platforms, and flexible business models," said Kirk Arnold, CEO of Data Intensity. "EQT's investment will help us expand our portfolio of services, enter new markets and incorporate new service-oriented tools and technologies to capitalize on this trend while, above all else, continuing to focus on delivering world-class service to our customers."
Founded in 2001 and headquartered in Bedford, Mass., Data Intensity operates 12 locations worldwide, it employs over 650 colleagues globally and serves hundreds of customers across a range of industries, including finance, healthcare, technology, media, manufacturing, energy and consumer services. Its solution offerings span from enterprise application and database managed services to business intelligence and analytics.