Private equity firm Parallax Capital Partners has announced that it has completed the acquisition of data modeling software ERwin from CA Technologies (Nasdaq: CA). It will now operate as ERwin, Inc., and will be led by IT industry veteran Adam Famularo, who today has been named CEO of ERwin, Inc.
“With our acquisition of the industry leader in data modeling, we plan to enhance the value of the ERwin brand and its award-winning solutions, partners and people to the benefit of the overall market,” said Jim McGarry, operating partner at Parallax in their press release.
“Parallax’s ultimate play is to build out a holistic data software company. The ERwin asset will serve as the foundation and starting point, but Parallax is actively looking to acquire several other companies and establish strategic partnerships to expand their offerings to include end-to-end data management solutions” according to an article by The Var Guy which includes an interview with Famularo.
Sandhill regards this as a positive move for the business and the data management community as a whole. The new independence will give ERwin, Inc. a better focus, and support from Parallax will give it the ability to develop and expand the brand to better meet the needs of its customers.