Zimory Secures $20 Million in Funding

Investors recognize Zimory is set to revolutionize the market for cloud computing resources and become one of the world’s international cloud business leaders.

BERLIN--()--Zimory, the Berlin-based experts for cloud management software, announced today that it has secured $20 million in funding. This round of funding is led by Zimory’s newest investor Deutsche Boerse, in addition to its long-standing investors Creathor Venture; High-Tech Gruenderfonds (HTGF); IBB Beteiligungsgesellschaft (IBB); KFW; and T-Venture.

"We’re delighted with Deutsche Boerse’s involvement as an investor, and as a business partner for Zimory,” said Dr. Hagen Hultzsch, Zimory’s chairman. “Zimory’s technology is a world-leading cloud product. The capital received from this financing will continue driving forward its international expansion, and building the vendor-neutral management platform for the cloud services marketplace.”

The recently announced cloud services marketplace, called Deutsche Boerse Cloud Exchange, is the world’s first vendor-independent exchange for cloud computing capacities. It will enable IT resources to be traded like securities and energy, electronically, and within seconds. Together, Zimory and marketplace partner, Deutsche Boerse, are set to revolutionize the market for cloud computing resources.

The newly appointed CTO of the Deutsche Boerse Cloud Exchange, Maximilian Ahrens said, “Zimory’s neutral trading IaaS orchestration software is enabling the Deutsche Boerse Cloud Exchange to change the way cloud computing infrastructure resources are sold and used. The global distribution of virtual datacenter services will become much easier with standards. Deutsche Boerse Cloud Exchange will set standards for the whole industry, and Zimory will become integral part of these standards."

Zimory’s open and intuitive Cloud Brokerage interface, which has been aligned to the TM Forum’s Information Framework, will be used by global purchasers of cloud compute and storage services. Zimory’s commitment to advancing open and standardized cloud management software will help to drive their sales and marketing activities within enterprises, service providers, and cloud broker customers, and to further expand Zimory’s global footprint.

“In the last year, we quadrupled revenues, created a US subsidiary and made significant enhancements to our product suite,” said Ruediger Baumann, CEO of Zimory. “The funding will enable us to address the strong demand for Zimory’s cloud management software by continuing to expand our resources and accelerate our sales, marketing and product development initiatives. Together with Deutsche Boerse Cloud Exchange and our investors, Zimory will become one of the world’s cloud leaders for business.”

To get further insight into Deutsche Boerse Cloud Exchange and its technological implementation attend the Zimory webinar hosted by TMC.net on Tuesday, July 9, 2013 from 5pm CET/ 10am EST. For more information and to register, click here.

About Zimory

Founded in 2007, Zimory provides carrier-grade cloud infrastructure management software that allows service providers, enterprises and cloud brokers to fully leverage the power and elasticity of cloud computing. Zimory’s intelligent Cloud Suite simplifies, automates and expedites the creation, launch and management of all types of cloud environments – whether public, private, virtual private or hybrid. Zimory software is also a key enabler of cloud marketplaces for enterprise services, applications and infrastructure. Headquartered in Berlin, Zimory has development centers in Erfurt, Germany and Minsk, Belarus, a subsidiary office in New York City and is expanding its expertise and presence globally.

Contacts

Media:
Zimory, GmbH
Helen Edwards, +44 (0) 77255 71238
Helen.edwards@zimory.com
or
Merritt Group for Zimory
Raksha Varma, +1 650 260 7800
varma@merrittgrp.com

Release Summary

Zimory, a cloud management software company, secured $20M in funding. The new funding will drive Zimory’s international expansion and development of its vendor-neutral cloud management platform.

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Contacts

Media:
Zimory, GmbH
Helen Edwards, +44 (0) 77255 71238
Helen.edwards@zimory.com
or
Merritt Group for Zimory
Raksha Varma, +1 650 260 7800
varma@merrittgrp.com