As businesses seek to make more data driven-decisions, analytics platforms are playing a larger role, and becoming more highly sought after as a result.
Private equity firm Eden Capital agreed earlier this month to acquire MITS – a business intelligence platform widely used within the manufacturing and distribution space that pulls data directly from enterprise resource planning (ERP), customer relationship management (CRM), and other software tools.
Under Eden ownership, MITS will join Idaho-based Compass Sales Solutions, which provides sales force automation solutions, and Tour de Force – a developer of customer relationship management (CRM), sales force automation (SFA), and business intelligence (BI) software tools.
Together, the companies are expected to integrate MITS customisable dashboards and reports with more analytics and CRM tools into a single platform that can streamline business decision-making for a wider range of customers.
“MITS has always believed business results are the key measure of analytics success and becoming a part of this growing and evolving software suite will exponentially expand our abilities to deliver significant bottom-line value to our customers,” said MITS CEO Gary Owen. “We’ve seen tremendous success in the distribution and manufacturing industry, and we’re excited to continue our journey with Compass Sales Solutions and Tour de Force to deliver even more value to all of our customers.”
Though the deal is on the smaller end of the spectrum, it follows several high profile purchases in the data analytics space, including Google’s acquisition of analytics startup Looker, and the purchase of competing data visualisation company Tableau by Salesforce in one of the highest valued software acquisitions to date.
These deals made in quick succession mark a high point in the ongoing consolidation of the big data industry, signalling strong demand for companies that can provide the tools needed for businesses to effectively break down data, visualise it, and extract insights that can be acted on.