Silverback Enterprise Group Snaps Up BI Software Vendor Noetix

Silverback Enterprise Group has acquired Noetix Corp., a provider of business intelligence (BI) and data analytics software.  Terms of the transaction were not disclosed.  Noetix is Silverback’s sixth acquisition in the past 2 years.  Silverback is headquartered in Austin, Texas and backed by Austin Ventures, a venture capital firm with $3.9 billion of capital raised.

Noetix offers products that enable instant operational reporting and packaged analytics for enterprise applications, including Oracle E-Business Suite.  More than 1,500 enterprise customers worldwide use patented Noetix metadata technology to access the enterprise application data necessary for critical decision-making. 

“We are excited to welcome Noetix to the Silverback family of companies,” said Jack McDonald, Chairman and CEO of Silverback Enterprise Group.  “Business intelligence, analytics, and performance management is a $13+ billion growing market, driven by the ‘Big Data’ explosion of structured and unstructured data.  Noetix’s product suite and patented metadata technology provide a powerful platform for addressing this growing market opportunity.”

The existing Noetix management team will continue to lead the business.  Silverback will provide increased investment in the development, marketing, support and expansion of the Noetix product families. 

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