DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure, communications, and SaaS sectors, announced today that the company served as exclusive financial advisor to Datavail, Inc. (“Datavail”) on its Series E round of funding, led by new investor Catalyst Investors (“Catalyst”). Datavail is the largest pure-play database services company in North America with clients ranging from Fortune 100 to mid-sized enterprises that rely on 24×7 monitoring and response for critical, revenue generating database infrastructure.
“We are very excited about the path we have traveled to get where we are and even more excited about the future,” said Mark Perlstein, President and CEO of Datavail. “The market for data-related services that deliver high quality with respect for our clients’ budgetary objectives is growing dramatically and Datavail is best positioned to meet this exploding demand from customers.”
“It has been our great pleasure to work with Mark and his team. We are confident that they, along with the team at Catalyst and the existing shareholders, will continue with the momentum that they have built at Datavail,” stated Townsend Devereux, Partner with DH Capital.
DH Capital has long served as a trusted advisor and maintains the largest dedicated team of professionals covering the Internet infrastructure, communications, and SaaS sectors. DH Capital has advised companies on more than 130 transactions with combined value in excess of $13.2 billion.
Davis Graham & Stubbs LLP served as Datavail’s legal advisor.
Datavail is the largest pure-play database services provided in North America with approximately 300 customers ranging from Fortune 100 to mid-size enterprises. Based in Broomfield, Colorado, Datavail focuses on 24x7x365 monitoring and support for mission-critical database applications. The company provides services for Oracle, SQL, MySQL, DB2, Sharepoint and MongoDB.
About DH Capital
DH Capital is a private investment banking partnership serving companies in the Internet infrastructure, communications, and SaaS sectors. Headquartered in New York City with offices in Boulder, Colorado, the firm’s principals have extensive experience and proven abilities in capital formation, finance, research, business development, and operations. DH Capital provides a full range of advisory services to companies and financial institutions, including mergers and acquisitions, private capital placements, financial restructuring, and operational consulting. DH Capital has completed over 130 M&A transactions and private capital placements totaling more than $13.2 billion in value. SaaS Capital, a DH Capital affiliate, is the premier provider of growth capital to emerging SaaS companies. SaaS Capital’s innovative, recurring revenue based lines of credit, and years of experience focused exclusively on the SaaS business model, enable portfolio companies to fund substantial growth without selling a significant portion of their business. For additional information about DH Capital, please visit our website at www.dhcapital.com.