Fractal Analytics and TA Associates team up to expand Big Data Services

TA Associates and Fractal Analytics have announced that TA Associates has acquired a minority stake in the company for an investment of $25 million.
 
Naveen Wadhera, Director & Country Head, TA Associates, said, 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. 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.

Srikanth Velamakanni, Co-Founder & CEO, Fractal Analytics, said, We chose to partner with TA Associates because of their excellent track record in helping profitable companies become outstanding businesses. 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.

Fractal Analytics believes that this partnership will help them to expand their footprint and meet the growing client demands for analytics solutions.