Hawthorn Equity-backed Navantis acquired by Datavail

Datavail Corp, a U.S. managed services provider of data and database administration, has acquired Navantis Inc, a Toronto-based company focused on application development, support and systems integration across Microsoft product suites. No financial terms were disclosed. Founded in 1998, Navantis has been backed by Canadian private equity firm Hawthorn Equity Partners. Broomfield, Colorado's Datavail said the deal will expand its offerings to respond to customer requirements and challenges. It added that the acquisition was enabled by a US$47 million financing closed in 2015. The round was led by Catalyst Investors and joined by new and existing investors.

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