TA Associates is a leading global growth equity firm. Fractal Analytics is a worldwide provider of advanced analytics to Fortune 500 companies. Today, TA Associates announced to invest in Fractal to fuel global expansion of its big data services.
TA also announced that it has acquired a minority stake in the company through a US$25 million investment.TA Associates Advisory Director and Country Head, Naveen Wadhera said that the bid data space represented a very significant opportunity. This is because companies are struggling to operationalize and institutionalize analytics within their organizations. This is despite their knowledge of the power of data driven decision making.
Wadhera will join the Fractal Analytics Board of Directors. He also added that TA Associates is looking forward to working with Fractal as it is a leading player in the industry.Fractal's Co-founder and CEO, Srikanth Velamakanni said in a statement that the company has partnered with TA Associates because of its excellent track record. It has helped a lot of profitable companies to become outstanding businesses, he added.
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