Private equity firm Parallax Capital Partners has completed the acquisition of ERwin, from CA Technologies. ERwin will now operate as ERwin, Inc., and will be led by Adam Famularo, who has been named CEO of ERwin.
Famularo most recently served as head of global channels at Verizon Enterprise Solutions, and before that was with CA Technologies for more than 16 years in a variety of roles. He has deep roots with ERwin’s people and products, and developed ERwin’s first channel partner distribution model.
Parallax Capital Partners, LLC, is a private equity firm focused on acquiring and operating application software and related services companies.
ERwin as the Foundation for New Big Data Software Company
According to Famularo, Parallax acquired the ERwin assets from CA with the intention of building a big data software company, of which ERwin will be the flagship product. The company will be making additional acquisitions that contribute to the big data space, he noted.
While in the past, ERwin has been mainly focused on SQL and traditional data sources, many organizations today are increasingly looking at hybrid data approaches that include big data as well as relational data sources in their environments, noted Mark Lukianchuck, vice president of products at ERwin.
To accelerate its push into the big data arena, the company will expand its data modeling capabilities and solutions for big data, and also focus on data governance, he said. The ERwin Web Portal, Data Governance Edition was launched a year ago to go beyond data modeling and help organizations visualize and govern their data models, and has been well received, he noted.
ERwin, an established data modeling and big data solution that provides a visual interface for managing complex data environments, will be critical piece to the company’s expanded data management and big data play, Famularo said.
It is a two-pronged approach, Famularo explained. There will be investment into the ERwin product - and more acquisitions, as well. The ERwin product “that customers know and love will get better and better” as more investment is made into the development of the technology, and second, ERwin also plans to acquire more technologies to help address customers’ overarching data needs across the enterprise, Famularo said.
ERwin, Inc. will continue to operate out of its existing Tampa, FL, headquarters with new executive offices opening in Long Island, NY.