Versata Enterprises Inc., an Austin, Texas.-based enterprise software company, has acquired Evolutionary Technologies International Inc., an Austin, Texas�based provider of data integration products. No financial terms were disclosed. EVI has raised over $28 million in VC funding since 2001, including a $6.5 million recap in 2006 from Access Venture Partners, Appian Ventures and Osprey Ventures.
Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, announces today the acquisition of privately held Evolutionary Technologies International, Inc. (ETI), a recognized innovator of data integration products.
Versata will operate ETI within its Business Automation Business Unit. ETI joins Versata’s growing family of enterprise software companies, including Versata Software, Inc., Versata, Inc., Artemis International Solutions Corporation, Nextance Corporation, Gensym Corporation, and Clear Technologies. Versata will rollout its market-leading Customer Success Program to ETI customers, thereby emphasizing Versata’s intense focus on aligning investments with customer priorities. This focus maximizes customer business impact and facilitates multi-decade relationships.
“This acquisition will enable ETI customers worldwide to reap the benefits of a larger, global organization and reinforces our commitment to help enterprises manage data to achieve better results,” said Ron Baker, President and CEO of ETI. “More so than ever, corporations and governments need high performance data integration solutions across their enterprises and the combination of Versata and ETI will drive innovation and enhance value for customers in a wide range of industries.”
Randy Jacops, CEO of Versata Enterprises, commented, “We welcome ETI to the Versata family and look forward to demonstrating how our customer success focus transforms relationships. Versata’s global scale will enable us to advance ETI’s products and become the preeminent provider of lowest cost, highest quality data integration technology. ETI and Versata both have a long history of investment in Austin, stretching back to the foundation of Austin’s high-tech community. Joining forces with another local pioneer demonstrates our commitment to Austin and ensures Versata delivers on the potential of ETI’s technology.”
“The acquisition of ETI provides us with a solution for addressing today’s rapidly escalating data integration performance requirements,” said Frank Kopas, Vice President of Sales, Versata Enterprises. “Our business model centers around solving the most complex business problems by applying advanced technology, and ETI’s high performance data integration solutions are built to handle the dynamic growth and throughput requirements of today’s mission critical business applications.”
“ETI’s technology is an exciting addition to our portfolio of already strong products and will provide additional capabilities critical to all our customers,” Chris Smith, COO of Versata Enterprises, commented, “We have the most efficient and capable global engineering organization in the world, and we leverage that capability to deliver customer success. This enables us to deliver beyond customer expectations on innovation and value. We look forward to proving that to ETI’s customers.”
Versata intends to continue operating ETI as a stand-alone corporation within its group of software businesses. Versata will consolidate ETI’s operations into the Versata Austin headquarters to enable a joint focus on customer success. Additionally, Versata executives will begin meeting immediately with key customers to repeat the company’s commitment to product innovation and customer success.
ABOUT VERSATA ENTERPRISES, INC.
With a global presence covering 45 countries, Versata Enterprises solves the most complex business problems for the world’s largest organizations. Versata Enterprises comprises a number of leading enterprise solution providers, including Versata, Inc., Artemis International Solutions Corporation, Nextance, Inc., Gensym Corporation, and Clear Technologies. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata’s market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides a twice-yearly opportunity for customers to score Versata’s performance against commitments. Versata’s world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata also offers customers the opportunity to leverage Versata’s global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata’s relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions. Further information is available at http://www.versata.com.
ETI (Evolutionary Technologies International, Inc.) is a global provider of enterprise data integration solutions for Global 1000 companies and government IT organizations including clients such as Nike, Mitsubishi UFJ Bank, the U.S. Department of Defense, AXA, Experian, Soci�t� G�n�rale and Gillette. A pioneer developer of ETL software, ETI provides software and services that automate the seamless exchange of data between incompatible systems. Organizations around the world rely on ETI for data integration initiatives ranging from data migrations, data synchronization and data services for SOA. Founded in 1991, ETI is based in Austin, Texas, with subsidiaries around the world. For more information visit www.eti.com.�2008 ETI