Capitalizing on Momentum, Datical Announces Additional Financing and Appoints Derek Hutson as President and CEO
Enterprise software industry veteran brings track record of success in managing companies through periods of rapid growth
AUSTIN, Texas – April 23, 2015 – Datical, Inc. announced today it has secured an additional $2.25 million in funding, extending the company’s total Series A round to $5.9 million. The financing, led by Mercury Fund with participation from Austin Ventures and other investors, will be used to expand sales and marketing operations, as well as development of the company’s flagship product, Datical DB.
Datical also announced that Derek Hutson, former President of Hart InterCivic, has joined the company as President and CEO. Hutson brings more than 15 years of leadership in enterprise software to Datical, and a track record of success in managing companies through periods of rapid growth.
“We’re seeing a seismic shift in the way enterprise IT operates,” said Hutson. “Whether it’s cloud, mobile, agile or continuous delivery, these initiatives accelerate the delivery of products and services to end users. But their ultimate success depends on safely and securely managing the database deployments that support those mission-critical applications. Datical is uniquely positioned to solve this challenge for our customers and create a compelling ROI.”
With a growing base of customers among the Fortune 1000, Datical DB automates the validation and deployment of database changes that support mission-critical applications. These activities are crucial to increase the speed of deployments while ensuring reliability, security and auditability of changes. Without Datical, many enterprise database teams struggle with trying to scale manual processes to support faster application release cycles that are the result of agile or continuous delivery initiatives.