noetix-logoAustin-based Silverback Enterprise Group announced Thursday the purchase of Noetix Corp., which makes business intelligence and data analytics software.
Noetix, based in Redmond, Wash, has more than 1,500 customers for its software products.
Terms of the deal were not disclosed.
“We are excited to welcome Noetix to the Silverback family of companies,” Jack McDonald, Chairman and CEO of Silverback Enterprise Group said in a news statement. “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.”
“Partnering with Silverback will give us access to the resources we need to achieve the rapid growth we envision for Noetix,” Doug Moore, President of Noetix, said in a news statement. “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.”