Versata Acquires ETI
Versata Enterprises, Inc. (Versata), a leading provider of enterprise software solutions, announces today the acquisition of privately held Evolutionary Technologies International, Inc. (ETI), a recognized innovator of data integration products.
Versata will operate ETI within its Business Automation Business Unit. ETI joins Versata’s growing family of enterprise software companies, including Versata Software, Inc., Versata, Inc., Artemis International Solutions Corporation, Nextance Corporation, Gensym Corporation, and Clear Technologies. Versata will rollout its market-leading Customer Success Program to ETI customers, thereby emphasizing Versata’s intense focus on aligning investments with customer priorities. This focus maximizes customer business impact and facilitates multi-decade relationships.
“This acquisition will enable ETI customers worldwide to reap the benefits of a larger, global organization and reinforces our commitment to help enterprises manage data to achieve better results,” said Ron Baker, President and CEO of ETI. “More so than ever, corporations and governments need high performance data integration solutions across their enterprises and the combination of Versata and ETI will drive innovation and enhance value for customers in a wide range of industries.”
Randy Jacops, CEO of Versata Enterprises, commented, “We welcome ETI to the Versata family and look forward to demonstrating how our customer success focus transforms relationships. Versata’s global scale will enable us to advance ETI’s products and become the preeminent provider of lowest cost, highest quality data integration technology. ETI and Versata both have a long history of investment in Austin, stretching back to the foundation of Austin’s high-tech community. Joining forces with another local pioneer demonstrates our commitment to Austin and ensures Versata delivers on the potential of ETI’s technology.”
“The acquisition of ETI provides us with a solution for addressing today’s rapidly escalating data integration performance requirements,” said Frank Kopas, Vice President of Sales, Versata Enterprises. “Our business model centers around solving the most complex business problems by applying advanced technology, and ETI’s high performance data integration solutions are built to handle the dynamic growth and throughput requirements of today’s mission critical business applications.”
“ETI’s technology is an exciting addition to our portfolio of already strong products and will provide additional capabilities critical to all our customers,” Chris Smith, COO of Versata Enterprises, commented, “We have the most efficient and capable global engineering organization in the world, and we leverage that capability to deliver customer success. This enables us to deliver beyond customer expectations on innovation and value. We look forward to proving that to ETI’s customers.”
Versata intends to continue operating ETI as a stand-alone corporation within its group of software businesses. Versata will consolidate ETI’s operations into the Versata Austin headquarters to enable a joint focus on customer success. Additionally, Versata executives will begin meeting immediately with key customers to repeat the company’s commitment to product innovation and customer success.
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