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New Deal


Announced

Completed

Updata Partners led a $140m Series B funding round in CData Software.

Financials

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Transaction Value£105m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

data integration

Private Equity

Minority

Venture Capital

United States

Domestic

IT Services: Other

Completed

Private

Acquisition

Single Bidder

Synopsis

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Updata Partners, a private equity firm, led a $140m Series B funding round in CData Software, a provider of cloud connectivity and integration solutions. "Enterprises and ISVs are increasingly recognizing the benefits of CData's unique approach to data connectivity. I'm looking forward to deepening our relationship with the Updata team, who have been instrumental in helping us build a strong foundation for rapid growth. With this investment, we will accelerate the expansion of CData connectivity solutions in the cloud," Amit Sharma, CData Co-Founder and CEO.

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