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Talend Raises $12M to Fuel Open Source Software Growth
Would use money to expand into markets in Americas, EMEA and Asia-Pacific
By: Maureen O'Gara
Jan. 31, 2009 07:00 AM
Talend, the open source data integration software house, has secured $12 million in Series C financing to help fuel growth.
The round is being led by Balderton Capital, an early investor in MySQL, and existing backer AGF Private Equity bringing Talend's total funding to more than $20 million.
Balderton General partner Bernard Liautaud, the founder and CEO of Business Objects until it was sold to SAP in 2007 for $6.7 billion, will join Talend's board.
Talend's flagship Open Studio solution, introduced two-odd years ago, claims 3.3 million downloads and the company says paying customers increased by 300% in the last 12 months, taking market share away from proprietary data integration tools such as Informatica PowerCenter or IBM WebSphere DataStage.
Talend said it would use the new money to expand into key markets in the Americas, EMEA and Asia-Pacific, targeting large enterprises and partners that are looking at cost-effective alternatives to proprietary integration suites in a time of shrinking budgets and slimming services margins.
It also expects to expand its development teams, add features and provide more advanced products.
Talend is talking about unveiling a product this year to help solve emerging integration requirements stemming from M&A activity as struggling companies are acquired.
And InfoWorld expects Talend to add support for massively parallel processing architecture to both Open Studio and its Integration Suite this spring and release a master data management (MDM) product that would resolve conflicts in data.
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