Thoma Bravo-backed Infogix buys Data Clairvoyance
Infogix, a data and analytics provider backed by private equity firm Thoma Bravo, has purchased information strategy consulting firm Data Clairvoyance. The deal enables to Infogix to develop into a “one-stop” provider of big data services.
Data Clairvoyance provides consulting and data strategy services for businesses optimize and leverage its data supply chain. The target’s framework is designed to help companies improve their data analysis, quality and governance. Data Clairvoyance operates out of Bloomington, Indiana. Financial terms of the deal were not disclosed.
Infogix, based in Naperville, Illinois, develops data and analytics software used to help reduce risk, support regulatory compliance, improve profitability, and enhance operational efficiencies.
Thoma Bravo acquired Infogix in 2016, and later acquired Data3Sixty, an information governance firm, in an add-on deal in early 2017. The San Francisco-based PE firm focuses on software and technology-enabled services, managing funds with more than $17 billion in capital. Thoma Bravo has made more than 140 acquisitions in the software and technology space since 2003.
Data remains imperative to businesses across a variety of sectors, especially as the number of breaches and malware attacks have risen over recent months. In the wake of data breaches, Thoma Bravo has remained focused on its strategy to bet large on technology and software services. In June, the firm purchased Riskonnect Inc., a risk management technology service provider. In September 2016, Thoma Bravo closed a new tech fund with nearly $7.6 billion to focus on more opportunities in the sector. The firm also acquired parking management provider T2 Systems using capital from the $1 billion Discover Fund that closed in early 2016; acquired secure access software provider Bomgar; purchased Elemica, a software maker for supply chain operating networks; and completed its acquisition of Qlik Technologies Inc. Thoma Bravo won Mergers & Acquisitions’ 2014 M&A Mid-Market Award for Deal of the Year for the firm's purchase of TravelClick.