Tech entrepreneurial firm Silverback Enterprise Group has announced a deal to buyout BI vendor Noetix, intending to branch out its niche stable of business intelligence offerings to address broader enterprise software trends.
Financial terms of the deal were not disclosed. It was the sixth acquisition by Silverback in the last two years, including cloud PPM vendor Upland. Based in the capitol of Texas, Silverback is primarily funded by Austin Ventures, a venture capital firm that boasts $3.9 billion in capital raised. Noetix Executive Chairman Jack McDonald carries the titles of chairman and CEO at Silverback.
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