Atlanta, GA, May 14, 2012 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to Utopia, Inc. (“Utopia”), in its recent $50 million round of growth capital to accelerate its expansion into fast-growing markets and enhance its capabilities in ‘Big Data’ managed services offerings. The investment was led by FTV Capital and included Liberty Mutual.
Utopia is widely acknowledged as one of the foremost solutions providers in the enterprise data management market. The company provides cutting edge solutions to clients looking to manage large volumes of structured and unstructured content and build a foundation for future initiatives around Big Data analytics, business intelligence, real time in-memory computing like the SAP HANA® platform, the Apache™ Hadoop™ framework, enterprise asset management and mobile applications. Utopia is a leader for SAP HANA Solutions, including running over two billion records for SAP HANA in the Cloud.
“Utopia’s proven management team and proprietary methodologies have enabled it to become the premier pure-play enterprise data solutions provider in this high-growth market,” said Brad Bernstein, FTV Capital partner and new Utopia board member.
Arvind Singh, a founder and Utopia’s president and chief executive officer, said, “FTV Capital has an unusual understanding of market trends and shares our vision for the future of data. Their experience and proven track record with high-growth services businesses like Utopia will benefit us as we embark on the next exciting phase of our growth. The CHILDS team has deep knowledge of our sector and it was really their relationships in the private equity community that helped us find the right investment partner to continue our accelerated growth path.”
Jim Childs, Managing Director of CHILDS Advisory Partners, commented, “Our mission is to advise market-leading services firms, and Utopia certainly fits into that category. Pairing them with FTV, one of the most prestigious growth investors, should set the company up well for their next phase of growth.”
Terms of the transaction were not disclosed.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
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CHILDS Advisory Partners
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Atlanta, Georgia 30326
“We are fortunate to have a strong team of smart, driven professionals who won’t settle for less than the best. It’s that drive that high-growth clients and private equity firms count on for results over the long-term.”
—Jim Childs, Founder
CHILDS Advisory Partners