Jun 24, 2013
Published By : Private Equity Venture Capital Dow Jones
Companies building data consulting services continue to attract growth equity as analytics become an increasingly important component of business.
Fractal Analytics Inc ., which has sold a minority stake in its business to TA Associates for $25 million, is the latest recipient.
A year ago Utopia Inc ., a provider of data management, cleansing and integration services, raised $50 million in Series A funding led by FTV Capital . That firm has backed another data and analytics consultancy, Mu Sigma Inc.
San Mateo, Calif.-based Fractal provides clients with consulting services that help them build in-house analytics technologies and integrate data into their decision processes.
Almost two years ago, another company, Opera Solutions LLC raised $84 million in its first funding from Silver Lake Sumeru, Accel-KKR and other investors. Last month it raised $30 million more from Wipro Ltd .
Naveen Wadhera and Kenneth Schiciano of TA Associates have joined the company's board.