Global growth private equity firm, TA Associates and Fractal Analytics, a global provider of advanced analytics to Fortune 500 companies, on Monday announced that TA Associates has acquired a minority stake in the company for an investment of $25 million.
Global growth private equity firm, TA Associates and Fractal Analytics, a global provider of advanced analytics to Fortune 500 companies, on Monday announced that TA Associates has acquired a minority stake in the company for an investment of $25 million.
“We believe that the big data space represents a very significant opportunity as companies have understood the power of data driven decision making but are struggling to operationalize and institutionalize analytics inside their organizations,” said Naveen Wadhera, Director and Country Head, TA Associates Advisory Pvt. Ltd., who will join the Fractal Analytics Board of Directors.
“Fractal is one of the most respected players globally in this space and has been experiencing accelerated growth, making it the ideal company with which to partner. We look forward to working with the company’s management team to further build value in Fractal,” added Wadhera.
“We chose to partner with TA Associates because of their excellent track record in helping profitable companies become outstanding businesses,” said Srikanth Velamakanni, Co-Founder & CEO of Fractal Analytics.
“We are passionate about helping companies leverage advanced analytics to better understand consumers, optimize pricing & marketing and compete more effectively in the marketplace. Our partnership with TA will help us fuel this passion further,” added Velamakanni.
Nishith Desai Associates and Goodwin Procter LLP provided legal counsel to TA Associates while DSK Legal provided legal counsel to Fractal Analytics.
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