Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

News Feed Item

Silverback Enterprise Group Announces Acquisition of Noetix Corp.

Silverback Enterprise Group, which acquires and builds industry-leading enterprise software companies, today announced the acquisition of Noetix Corp., a leading provider of business intelligence (BI) and data analytics software.

Noetix offers a suite of industry-leading products that enable instant operational reporting and packaged analytics for enterprise applications, including Oracle E-Business Suite. More than 1,500 enterprise customers worldwide use patented Noetix metadata technology to quickly and cost-effectively access the enterprise application data necessary for critical decision-making. Noetix is widely recognized as a leader in the BI and data analytics software market, and was recently named to KMWorld’s “100 Companies That Matter in Knowledge Management” for the tenth consecutive year.

“We are excited to welcome Noetix to the Silverback family of companies,” said Jack McDonald, Chairman and CEO of Silverback Enterprise Group. “Business intelligence, analytics, and performance management is a $13+ billion growing market1, driven by the ‘Big Data’ explosion of structured and unstructured data. Noetix’s product suite and patented metadata technology provide a powerful platform for addressing this growing market opportunity.”

The existing Noetix management team will continue to lead the business. Silverback will provide increased investment in the development, marketing, support and expansion of the Noetix product families. All existing Service Level Agreements and support arrangements for Noetix customers will remain unchanged.

“Partnering with Silverback will give us access to the resources we need to achieve the rapid growth we envision for Noetix,” said Doug Moore, President of Noetix. “Noetix customers and partners will benefit from this extremely positive next step for our business, which will improve our ability to deliver even more innovative BI products.”

Comerica Bank provided financing for the transaction. Terms of the transaction were not disclosed. Noetix is Silverback’s sixth acquisition in the past two years. Silverback is headquartered in Austin, Texas and backed by Austin Ventures, a venture capital firm with $3.9 billion of capital raised.

About Noetix

Noetix provides instant operational reporting and packaged analytics software for enterprise applications, including Oracle E-Business Suite. For nearly 20 years, Noetix has helped customers worldwide to quickly and cost-effectively access the enterprise application data necessary for critical decision-making. Noetix’s proven technology is being used by more than 1,500 industry-leading customers including: Cummins, Starbucks, Toshiba, Welch’s, and Visa. The company is headquartered in Redmond, Wash., with international operations in London and Hyderabad, India. Join the Noetix community on Facebook, LinkedIn, Twitter, Google+, YouTube, and the Noetix Blog. Noetix is a registered trademark of Noetix Corp.

About Silverback Enterprise Group

Silverback Enterprise Group is a proven team of technology entrepreneurs and business operators who partner with management to buy, build and grow great software businesses. Silverback’s group of companies includes market leaders like Upland Software, the world’s largest provider of cloud-based Project, Portfolio and Work Management software, with over 1,200 active enterprise customers and 300,000 users in 50 plus countries. Silverback’s leadership team has a proven acquisition track record, having completed 25 successful enterprise technology acquisitions in the past 12 years. Headquartered in Austin, Texas and backed by Austin Ventures, a venture capital firm with $3.9 billion of capital raised, Silverback has the financial and operating resources to fund global growth both organically and through acquisitions. Visit www.silverbackEG.com for more information.

1“Market Share Analysis: Business Intelligence, Analytics and Performance Management, 2012,” Gartner, Inc. Published 7 May 2013 ID: G00252442

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...