Abiquo Secures $10 Million in Series B Funding Led by Balderton Capital

Former Business Objects Founder and CEO Bernard Liautaud Joins Abiquo Board

REDWOOD CITY, Calif.--()--Abiquo, the leading Enterprise Cloud Management software provider, today announced that it has raised approximately $10 Million in Series B funding led by Balderton Capital, a leading venture capital firm in Europe. Existing investors Nauta Capital and Eurecan also participated. The funding will be used to expand Abiquo’s global sales and marketing efforts, customer support and senior team. Abiquo also announced that Bernard Liautaud, a Partner at Balderton Capital, will join the Abiquo Board of Directors. Liautaud was the Founder and Chief Executive Officer of Business Objects, the enterprise software company that was acquired by SAP in 2007 for $6.8 billion.

Abiquo is the leading provider of Cloud management software that enables Enterprises and Service Providers to extend the capabilities of virtualized environments and to create and manage private, public and hybrid Clouds. Abiquo’s unique approach combines autonomous Virtual Enterprises with Global Infrastructure Management and extensive Business Policy to fully empower users and increase agility, significantly improve utilization and reduce cost, while strictly adhering to the governance, compliance and security needs of the organization.

“We are delighted that Balderton Capital has provided such powerful shareholder support, alongside our existing investors Nauta Capital and Eurecan, the venture arm of Caja Navarra,” said Pete Malcolm, Abiquo’s CEO. “We look forward to drawing upon Bernard Liautaud’s unsurpassed expertise in building a global software business as we consolidate Abiquo’s position as the leading software company in the growing Cloud management market.”

Bernard Liautaud, Balderton Capital Partner, said: “Cloud management offers significant potential both as a key enabler of Cloud computing and as an investment opportunity. We were attracted to Abiquo not only because of its superior technology, but because it has a talented leadership team in place with the vision and proven global experience to seize this massive market opportunity.”

Carles Ferrer, General Partner at Nauta Capital, said: “We are delighted to be investing alongside Balderton, whose contribution will be critical to Abiquo’s expansion. Nauta continues to see an exciting future for Abiquo.”

Balderton’s investment comes at a time of significant increase in Abiquo’s customer and market momentum. Abiquo continues to be selected as the Cloud management platform of choice for both global enterprises and multi-national service providers such as BlueFire, and it provides thought leadership through sponsored research such as the recent Smarter Automation Fuels Cloud Computing Evolution paper, and at major events such as the recent Cloud Expo Silicon Valley 2010. Abiquo has also been named winner of numerous industry awards, including Cloud Computing World Forum’s Best Enterprise Software.

About Abiquo

Abiquo is the Enterprise Cloud Management software company. With Abiquo, organizations can use Business Policy to manage an entire, globally deployed, computing infrastructure comprising unlimited physical and Cloud resources including private, public and hybrid Clouds through a “single pane of glass”. As a result, Abiquo customers are able to significantly decrease the cost and complexity of managing their virtual IT environments, while maintaining control of the physical infrastructure and increasing agility to change hypervisors as needed.

For more information, visit www.abiquo.com.

About Balderton Capital

Balderton Capital is one of the leading venture capital firms in Europe. Based in London, Balderton manages $1.9 billion in committed venture capital, and has invested in over 100 companies, principally in Europe but also in the US and Asia.

Balderton focuses on the technology sector and notable investments include Bebo (acquired by AOL for $850m), Betfair (floated on the LSE in October 2010), ScanSafe (acquired by Cisco for $183m), LOVEFiLM (the home entertainment subscription service), YOOX Group (the global Internet retailing partner for leading fashion and design brands, listed in December 2009) and MySQL (acquired by Sun Microsystems for $1 billion).

About Nauta Capital

Nauta Capital is an international venture capital firm with offices in Barcelona and Boston. Nauta manages three funds with a total of $230 million under management. Nauta invests between $0.7 million and $8 million in companies in the Technology and Telecommunications sectors. Nauta’s target companies for investment are in their very early stage of development (Seed Capital) and until more advanced stages of development (series A and series B financing rounds). Nauta has three main investment practices: Wireless/Mobility; Enterprise Software/Security; and ecommerce/Internet related businesses. The geographic scope for its investments covers Western Europe and the US. Nauta launched its new fund Nauta III in July 2009, with a size of $150 million. For more information, please visit their website www.nautacapital.com.

Contacts

Abiquo
Candice Heidebrecht, +1 650-264-5905
candice.heidebrecht@abiquo.com
or
Lois Paul & Partners
Michele Moore, +1 781-782-5763
michele_moore@lpp.com
or
For Balderton:
Powerscourt
Carmen Murray, +44 (0) 207 324 0496
carmen.murray@powerscourt-group.com

Release Summary

Abiquo has announced a $10 million round of Series B funding from Balderton Capital. Balderton Partner Bernard Liautaud has also been appointed to the Abiquo Board of Directors.

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Contacts

Abiquo
Candice Heidebrecht, +1 650-264-5905
candice.heidebrecht@abiquo.com
or
Lois Paul & Partners
Michele Moore, +1 781-782-5763
michele_moore@lpp.com
or
For Balderton:
Powerscourt
Carmen Murray, +44 (0) 207 324 0496
carmen.murray@powerscourt-group.com