EQT Acquires Data Intensity

The EQT Mid Market US fund has acquired Data Intensity, a provider of mission-critical application and database managed services, from Audax Private Equity.

EQT closed its investment in Data Intensity on August 8, 2017. Terms were not disclosed.

Founded in 2001 and headquartered in Bedford, Mass., Data Intensity operates 12 locations worldwide, employs over 650 colleagues globally and serves hundreds of customers across a range of industries, including finance, healthcare, technology, media, manufacturing, energy and consumer services. Its solution offerings span from enterprise application and database managed services to business intelligence and analytics.

According to the companies, EQT's investment in Data Intensity’s will fuel the next stage of the company's growth, including global expansion and leadership in the hybrid cloud managed services market.

EQT is an alternative investments firm with approximately $43 billion in raised capital across 24 funds.

As enterprises continue the shift to the hybrid cloud, there is a growing opportunity at the intersection of Data Intensity’s expertise in application managed services, public and private cloud delivery platforms, and flexible business models, said Kirk Arnold, CEO of Data Intensity. The investment will help Data Intensity expand its portfolio of services, enter new markets and incorporate new service-oriented tools and technologies to capitalize on this trend.

EQT closed its investment in Data Intensity on August 8, 2017. Additional terms of the transaction were not disclosed. Jefferies LLC and DH Capital LLC served as financial advisors to Data Intensity. Ropes & Gray LLP served as legal advisor to Data Intensity and Audax Private Equity. Kirkland & Ellis LLP served as legal advisor to EQT. Golub Capital provided financing for the transaction.

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