LOS ALTOS, Calif.--()--Talend, the market leader in open source data solutions, today announced it has secured $8 million in Series D financing to help further develop and extend the company’s breakthrough data integration, data quality and master data management (MDM) solutions. Existing investors Balderton Capital, AGF Private Equity and Galileo Partners, all reaffirmed their commitment to Talend, with each company contributing to the round. With the $8 million investment, Talend has now raised $28 million.
“Open source has proven that it is ready for massive adoption in the enterprise, and a growing number of organizations of all sizes are embracing Talend’s solutions as a proven, reliable and cost-efficient option for solving short and long term data management challenges.”
“The recommitment of our existing investors is a giant vote of confidence for the aggressive steps we have taken in the last 12 months to expand our solutions to meet our customers’ most complex data integration challenges,” said Bertrand Diard, co-founder and CEO of Talend. “This investment will help us further accelerate the dynamics of the market by expanding our business operations and launching breakthrough products that are turning a proprietary, complex and cost-prohibitive technology market into one that is driven by solutions like Talend MDM that most organizations can afford to deploy.”
In 2009, Talend enjoyed a record year, delivering cost-optimized, high-performance data management solutions to a broadening customer base. Talend’s flagship open source data solutions have been downloaded more than seven million times. Talend’s paying customer base grew 140%, to well over 1,000 customers, increasing the company’s market share, and solidifying the applicability of its solutions for enterprise projects of all sizes throughout the world. In addition, in November 2009, Talend was recognized by Gartner as a Visionary in their Magic Quadrant for Data Integration tools, becoming the only open source player to be included in this category.
“Talend’s execution over the past year validated our decision to invest in the company, and we are reiterating, without any hesitation, our confidence in Bertrand and his team,” said Bernard Liautaud, general partner with Balderton Capital. “Open source has proven that it is ready for massive adoption in the enterprise, and a growing number of organizations of all sizes are embracing Talend’s solutions as a proven, reliable and cost-efficient option for solving short and long term data management challenges.”
“The strong growth and numerous milestones that Talend has achieved over the past four years are a clear sign that organizations now expect the data integration market to deliver high performance, cost-optimized solutions that deliver rapid time-to-value. As an early investor in Talend, AGF Private Equity is proud that they have become a global force in the data integration market, in such a short timeframe,” said Matthieu Baret, partner with AGF Private Equity.
About Balderton Capital
Balderton Capital is one of the largest venture capital firms in Europe, committed to finding and helping talented entrepreneurs build great companies. Based in London, it manages $1.9 billion in committed venture capital. Since 2000, Balderton has invested in over 80 companies, principally in numerous European countries but also in the US and Asia. Balderton’s investments span a wide variety of sectors including communications, consumer services, enterprise software and services, e-commerce, mobile, semiconductors, media and financial services. Balderton invests in innovative businesses and approaches investment using the principles of teamwork and an intense dedication to building companies of lasting value. The investment partners combine international and Silicon Valley operational experience with company-building expertise. Notable investments include Bebo (sold to AOL for $850m), Betfair (the online betting exchange), ScanSafe (sold to Cisco for $183m), LOVEFiLM (the home entertainment subscription service) and MySQL (sold to Sun for $1 billion).
About AGF Private Equity
AGF Private Equity, a subsidiary of the AGF insurance company, member of the Allianz Group, is specialized in non-listed investments. The company manages an investment portfolio of more than EUR 1 billion for institutional and private investors through two activities: funds of funds and venture capital investments. AGF Private Equity is among the leaders in France in managing funds of funds and is also one of the most active French investors in venture capital. AGF Private Equity has developed a unique expertise of sourcing and managing Private Equity investments and has committed EUR 900 million in about 60 funds primarily in Europe. AGF Private Equity offers institutional investors global solutions for their exposure to Private Equity through dedicated and diversified vehicles.
About Galileo Partners
Galileo Partners is an independent venture capital company; with a current fund of approximately EUR 350 million. Galileo Partners focuses on investments geared toward emerging technologies. Galileo Partners has gone through a dozen IPOs and many industrial buyouts. Its long-term performance allows the company to be continuously supported by major International investors.
About Talend
Talend is the recognized market leader in open source data integration. More than 1,000 paying customers around the globe, including eBay, Virgin Mobile, Sony Online Entertainment and Allianz, subscribe to Talend’s solutions and services to minimize the costs and maximize the value of data integration, ETL, data quality and Master Data Management. With more than seven million lifetime downloads and 1.5 million core product downloads, Talend’s solutions are the most widely used and deployed data integration solutions in the world. The company has major offices in North America, Europe and Asia, and a global network of technical and services partners. For more information, please visit http://www.talend.com.
Facebook
Twitter
LinkedIn
Delicious
Reddit
StumbleUpon
Digg
MySpace
Newsvine
Google Bookmark
Yahoo! Bookmark
Email
Email 