Companies building data consulting services continue to attract growth equity as analytics become an increasingly important component of business.
Fractal Analytics Inc ., which has sold a minority stake in its business to TA Associates for $25 million, is the latest recipient.
A year ago Utopia Inc ., a provider of data management, cleansing and integration services, raised $50 million in Series A funding led by FTV Capital . That firm has backed another data and analytics consultancy, Mu Sigma Inc.
San Mateo, Calif.-based Fractal provides clients with consulting services that help them build in-house analytics technologies and integrate data into their decision processes.
Almost two years ago, another company, Opera Solutions LLC raised $84 million in its first funding from Silver Lake Sumeru, Accel-KKR and other investors. Last month it raised $30 million more from Wipro Ltd .
Naveen Wadhera and Kenneth Schiciano of TA Associates have joined the company’s board.