Goldman Supports BackOffice

BackOffice Associates LLC, a Harwich, Mass.-based provider of SAP data quality solutions, has raised $30 million from Goldman Sachs.

PRESS RELEASE

BackOffice Associates, LLC, the leader in SAP data quality, data migration and data governance solutions, announced today that The Goldman Sachs Group, Inc. has invested $30mm in the Company. The investment by Goldman will enable BackOffice to continue its expansion across North America and internationally.

BackOffice has been the thought leader in SAP Data Quality Solutions since 1998. After 11 years of growth and profitability, based on successful market penetration in the SAP Data Quality market, BackOffice will continue to focus product development on providing simple solutions to the complex issue of data quality for global ERP customers. With a staff of nearly 300 professionals throughout the United States, Europe, Australia, and Mexico, BackOffice Associates is considered one of the industry's most experienced providers of SAP data quality solutions.

“We are pleased that Goldman has decided to invest in our industry-changing ideas on data quality,“ said Patricia Kennedy, President and CEO of BackOffice. “BackOffice now has the funding to increase spending in product development, continue our rapid expansion into Europe and Asia Pacific, and allow the Company to keep pace with the strengthening market pull for our new Data Governance applications that provide a business process for the management of master data.“

“After considerable review of the Company and its products and services, Goldman made the decision to partner with BackOffice,“ said David Campbell, Goldman Sachs Vice President. “BackOffice represents a significant innovation in delivering the data quality required for ERP customers.“

BackOffice pioneered the “Boring Go Live