Transaction

• In April 2010, HiT Software was acquired by BackOffice Associates, a leading provider of data migration, data governance and master data management solutions in support of ERP implementations.
• Financial terms were not disclosed.

Companies

• HiT Software is the leading provider of Change Data Capture and Data Integration software products for a broad range of relational databases. HiT Software’s standards-based products provide access to critical data and enables real-time, bi-directional replication between all major databases.
• In addition, HiT Software provides tools for executing real-time, bi-directional transformations between XML and all major databases and tools for connecting applications to IBM DB2 databases via .NET, OLE DB, ODBC and JDBC standards.
• HiT Software was founded in 1994, is privately owned, and is based in San Jose, California.

Result

• Giacomo Lorenzin, CEO and founder of HiT Software, will continue to operate HiT Software as a wholly owned subsidiary.
• Partnership with industry-leading enterprise data migration and management provider allows HiT Software to accelerate growth and expand its reach through BackOffice Associates’ global sales and marketing organization.