by Angela Guess
According to the company, Utopia Inc. has secured $50 million in growth capital “to accelerate its expansion into fast growing markets and enhance capabilities in Big Data managed services offerings. The investment was led by FTV Capital and included Liberty Mutual Insurance. Utopia is widely acknowledged as one of the foremost solutions providers in the enterprise data management market. The company provides cutting edge solutions to clients looking to manage large volumes of structured and unstructured content and build a foundation for future initiatives around Big Data analytics, Business Intelligence (BI), real time in-memory computing like the SAP HANA® platform, the Apache™ Hadoop™ framework, Enterprise Asset Management and mobile applications.”
Brad Bernstein, FTV Capital partner and new Utopia board member stated, “Utopia’s proven management team and proprietary methodologies have enabled it to become the premier pure play enterprise data solutions provider in this high-growth market… The company’s unique Enterprise Data Lifecycle Management™ (EDLM™) framework and managed services model is the most comprehensive approach to data management we have seen and is attracting many blue chip Fortune 500 clients.”
photo credit: Utopia Inc
