Stratavia Sells Some Assets

Stratavia, a Denver, Colo.-based provider of IT run book automation software and services, has agreed to sell its managed services business to Datavail, which also has licensed Stratavia's flagship  data center automation solution. No financial terms were disclosed. Stratavia has raised around $9.5 million in VC funding from Asset Management Co., Adams Street Partners and Vista Ventures. Get more info.

PRESS RELEASE

Stratavia, a leading provider of Data Center automation software, announced today that Datavail Corporation will acquire its managed services business and license Stratavia Data Palette, its flagship data center automation solution. Datavail, a new venture led by Michael Jones, will retain operations in Denver, Colorado with a support site in Mumbai, India and continue to provide automation services to more than 40 customers.  

“Datavail will begin as a thriving business with an established and growing customer base and will focus efforts on continuing to grow and expand our reach,” said Michael Jones, CEO, Datavail. “We will continue to enjoy the strategic advantage provided by Stratavia's data center automation platform, Data Palette, throughout our global data center network.”

Before joining Datavail, Michael Jones was President and Chief Executive Officer of Level 3 Communications, Inc.'s subsidiary, (i)Structure, LLC, an IT infrastructure outsourcing provider. Previously he was Group Vice President, Information Technology and Chief Information Officer for Level 3. Prior to joining Level 3 in May 1998, Mr. Jones was Vice President and Chief Information Officer for Corporate Express, Inc., a $4 billion international corporation providing essential business products and services to large organizations.

Stratavia was founded in 2001 as a managed services business and attracted more than 40 customers spanning all vertical markets, including Restoration Hardware, Heald College, Citrix Online and Lowermybills.com. Stratavia's foundation in managed services led to the development of its flagship software product, Data Palette, which is the industry's leading Data Center Automation platform. Data Palette dramatically reduces cost and improves efficiencies in the data center environment by automating complex, manually intensive but repetitive IT administration tasks.

“This is the start of a great partnership with Datavail, which is now one of Stratavia's largest customers,” said Thor Culverhouse, CEO of Stratavia. “This strategic move will enable both companies to streamline resources and focus on the growth and development of our core offerings. Based on the popularity and demand for Data Palette, Stratavia will increase its investment in the software itself to make the solution available to a wider, global audience.”