- Ataccama was spun out of Adastra in 2007
- Bain Capital made the investment via its second tech opportunities fund
- In Q1 of 2022, Ataccama welcomed a new customer on average every three days
UPDATED: Bain Capital has made a $150 million growth investment in Ataccama, a Toronto-based unified data management platform provider. The funding will look to enhance Ataccama’s go-to-market and R&D initiatives as well as accelerating its global expansion plans.
Bain Capital is a Boston-headquartered investment firm founded in 1984. It has offices worldwide and invests across asset classes. It has approximately $155 billion in assets under management. The investment was made via Bain’s second tech opportunities fund. The fund is targeting $1.5 billion in investments in mid-market buyouts and late-stage growth for control and minority transactions, as reported by Buyouts in 2021.
“Ataccama’s cloud-friendly, best-in-class platform makes it simple for technical and non-technical roles to collaborate on data quality and governance.” Commented Dewey Awad, a Managing Director at Bain Capital Tech Opportunities. “Demand for the platform has driven a significant increase in the company’s average deal size, fueling incredible momentum. We see a significant runway for further growth.”
Ataccama has seen significant growth. It doubled its annual recurring revenue in 2021 and in Q1 of 2022 it welcomed a new customer on average every three days. It has significantly expanded its footprint in the banking, financial services, insurance, life sciences, retail, and healthcare industries. Ataccama has 10 offices worldwide with more than 450 employees, adding 150 new employees in 2021 alone.
Michal Klaus, Chief Executive Officer of Ataccama said. “Bain Capital Tech Opportunities shares our business vision and mission, and this additional capital will enable us to meet growing demand and scale our operations while accelerating innovation.”
David Wansboro contributed to this story.