About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Ataccama Plans Product Innovation and Accelerated Growth Post $150 Million Funding from Bain Capital Tech Opportunities

Subscribe to our newsletter

Ataccama, provider of a unified data management platform, is planning product innovation, accelerated global growth, and improved go-to-market services following $150 million in funding from Bain Capital Tech Opportunities – which takes a minority investment in the company. This is Ataccama’s first external investment round and will support its mission to democratise data in large organisations.

The company was founded in 2007 as a spin-off from data and systems integrator Adastra, serves the banking, financial services, insurance, life sciences, healthcare and retail sectors, turned a profit in 2011, and has built out a global location network from its Toronto, Canada headquarters covering the US, Europe and Australia.

Its platform, Ataccama ONE, unifies data governance, data catalog, data quality, and master data management functions in a single, AI-powered data fabric operating across hybrid and cloud environments, and enabling organisations to democratise their data while maintaining data accuracy, control and governance.

“Large organisations are struggling to scale, decentralise data initiatives and enable data democratisation, while at the same time keeping their data under control from a quality, governance, privacy and security perspective,” says Michal Klaus, CEO at Ataccama. “Ataccama ONE Gen2 provides both technical and less technical data people across the organisation to create high-quality, governed, safe and reusable data products. This has propelled Ataccama’s growth in annual recurring revenue and client retention.”  The company’s capital markets clients include Acadian Asset Management and Société Générale.

Dewey Awad, a managing director at Bain Capital Tech Opportunities, comments: “Demand for the Ataccama platform has driven an increase in the company’s average deal size, fueling incredible momentum. We see a significant runway for further growth.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

7Rivers Q&A: Enabling Modern Data Processing

Milwaukee, Wisconsin-based 7Rivers gives its clients the tools to draw actionable insights and real-world applications from their data. A-Team Group Data Management Insight spoke to Jessica Emhoff, Vice President of Marketing, about the company and how it is empowering financial institutions. Data Management Insight: Hello Jessica. Can you tell us a bit about how 7Rivers...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2019/2020 – Seventh Edition

Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...