Goldman Sachs-backed BackOffice Associates acquires ENTOTA Ltd
BackOffice Associates, a firm backed by Goldman Sachs with a $30 million investment in 2008, has purchased ENTOTA Ltd for an undisclosed amount. BackOffice Associates is Massachusetts-based company that helps customers manage data by providing information governance and data migration solutions. ENTOTA Ltd, meanwhile is a SAP Data Services consultancy that provides solutions in Data Migration, Information Governance, Data Integration and Data Warehousing in Europe, Middle East and Africa region or EMEA. It is based in Farnborough, UK.
The proven industry solutions of ENTOTA Ltd will further improve the market-leading data management solutions and expertise of BackOffice Associates while increasing its footprint in EMEA, a statement read.
BackOffice Associates President and Chief Executive Officer David Booth said in a statement, "We're excited to welcome ENTOTA into the BackOffice family and provide to our customers an unparalleled solution in EMEA by pairing BackOffice's premier data solutions and services with ENTOTA's scalable product set and extensive technical knowledge on SAP Data Services. This acquisition positions us for continued growth and further solidifies BackOffice's position as the go-to provider of data migration and information governance solutions across all major industries for the Global 2000."
Both firms were said to have been working together with several joint customers for over a year because of their robust partnerships with SAP. The client base of ENTOTA is global but it has a strong presence in the EMEA region. Backoffice's statement also cited a Gartner study, which states that over 140 firms in different industries and geographical areas have lost about $8.2 million each year because of issues with data quality. The combined firm will enable customers to have control of their data quality challenges and speed up growth by leveraging data better.
ENTOTA Founder and Managing Director Clive Bellmore said in the statement, "By joining forces with BackOffice, we've created unrivaled market access to top-quality information governance solutions and best practice expertise for minimizing the costs, risks and time associated with data projects. We couldn't be more thrilled to combine our strengths and help bring the market forward."