DAS42 closes funding to accelerate growth
May 3, 2021
Investment will increase capacity, support partnerships, and strengthen delivery
May 4, 2021 – (New York, NY) – DAS42, LLC (“DAS42” or the “Company”), a leading provider of full-stack data technology implementation and advisory services, announced today that it has completed a growth investment from M/C Partners (“M/C”). M/C is a private equity firm focused on businesses in the Communications and Technology Services sectors. The investment will enable DAS42 to rapidly build out its team, invest in its key technology partnerships, and continue to deliver market-leading service for customers.
Founded in 2015, DAS42 provides enterprise customers with a complete end-to-end solution to enable a modern data analytics platform. The Company’s highly skilled team works with customers to devise data-driven business strategies and implements analytics systems customized to meet business needs. DAS42 leverages best-in-class data collection tools, cloud-based data warehouses, and analytics platforms. The Company is a Snowflake Elite partner and a Looker Advanced partner.
“We’ve been experiencing strong demand for our services and this investment will help us keep up with that demand by hiring more data experts, making an even deeper commitment to the partner ecosystem, and strengthening our operations foundation to scale the firm,” said DAS42 CEO Nick Amabile. “M/C Partners brings valuable experience building businesses in the tech services industry and we are excited to be partnering with them to accelerate our growth.”
“Enterprise adoption of modern data analytics platforms is just getting started and we think DAS42 is exceptionally well positioned to help businesses operationalize their data,” said Julia Senior, Partner at M/C Partners. “We look forward to partnering with Nick and the rest of the team at DAS42 to build on the success they’ve had to date.”
“DAS42 differentiates with its technical capabilities and focus on helping customers solve real business problems,” added Gillis Cashman, Managing Partner at M/C Partners. “This investment will allow the Company to expand its team and broaden its service capabilities to become the premier data analytics services provider.”
Frank Selldorff is investing alongside M/C. He will become the Chairman of the board of directors and will leverage his extensive experience in professional services to advise DAS42. Selldorff is a serial entrepreneur who has successfully founded, scaled, and exited multiple application-focused consulting firms including Meteorix in the WorkDay ecosystem and Acorio in the ServiceNow ecosystem.
Clearsight Advisors acted as financial advisor and Harrington, Ocko & Monk, LLP served as legal counsel to the Company. Choate, Hall & Stewart LLP served as legal counsel for M/C Partners.
DAS42 provides cloud-based data analytics consulting and professional services. We help executives and managers reduce the time to actionable insights, and empower them to make better decisions, faster.
About M/C Partners
M/C Partners is a private equity firm focused on small and mid-size businesses in the communications and technology services sectors. For more than three decades M/C Partners has invested $2.2 billion of capital in over 130 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and empowering strong leaders to accelerate growth, optimize operations, and build long-term value. For more information, visit www.mcpartners.com.
Chief Marketing Officer, DAS42