Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

Talend Closes $40 Million Strategic Funding

Capital raised from Bpifrance, Iris Capital and Silver Lake Sumeru will fuel accelerated investments and development in big data

LOS ALTOS, Calif., December 11, 2013-- Talend, the global big data integration software leader, today announced the completion of a $40 million funding from Bpifrance and Iris Capital with participation from existing investor Silver Lake Sumeru. Talend will use the investment to accelerate innovation, augment its portfolio and support its go-to-market efforts in the big data space and other leading edge domains for enterprise IT.

The market for big data and Hadoop-related technologies is experiencing a tipping point. According to research firm IDC, spending on big data technologies and services will grow by 30 percent in 2014, surpassing $14 billion. However, as demand for big data skills continues to outstrip supply, organizations looking at innovative use cases to increase revenue, maximize retention or optimize operations are still facing significant adoption and deployment challenges.

“Our advantage is simple. The ability of Talend's solutions to evolve within a quickly changing technology landscape enables organizations to remove barriers to the adoption of modern data platforms such as NoSQL or Hadoop,” said Bertrand Diard, co-founder and chief strategy officer of Talend. "With our unique architecture and scalable platform, Talend helps companies of all sizes obtain a fast return on their data assets, regardless of how they need to use them.”

“Talend is in a unique position to serve the fast growing big data market,” said Mike Tuchen, CEO of Talend. “Our customers are often confronted with the limits of legacy integration platforms that are unable to deal with new challenges created by the explosion of data, the ubiquity of hybrid cloud architectures and the ever growing expectations from the business. Talend’s agile and open model puts us in a unique position to quickly deliver innovative and powerful solutions to address these needs.”

Talend provides customers with market-leading solutions that allow them to accelerate the time-to-value of any integration project through a simplified process and to ensure the consistency of integration processes across projects and integration styles. Setting itself apart as the only integration solution running natively inside Hadoop, Talend for Big Data leverages the power of open source-driven innovation to deliver unmatched support of the latest variations of big data platforms such as Hadoop 2.0/YARN and NoSQL.

Thierry Sommelet, Senior Investment Director at Bpifrance, commented: “Thanks to the quality of their solutions, coupled to an enterprise open source model, Talend has acquired an impressive customer portfolio and competes successfully against established players. We are very happy to join the existing investors to continue and accelerate the growth of the company in the global market.”

“The increasing usage of big data is leading enterprises to rethink how they manage data,” said John Brennan, Managing Director of Silver Lake Sumeru. “The market is primed for Talend’s integration technology and approach. They have a unique combination: innovative products, a terrific team, an enthusiastic community, an enviable list of enterprise customers and enormous market potential. We are proud to have supported them in the past three years and look forward to continue building one of the truly great companies in the big data space.”

As part of this investment, Bpifrance will join Talend’s Board of Directors.

About Bpifrance

Since January 2013, Bpifrance, the French public investment bank, brings together the financing activities of OSEO (innovation, guarantee, credit) and the equity investments activities led by FSI, FSI Régions and CDC Entreprises. Its ambition is to help businesses, ranging from start-ups to medium-sized companies and occasionally large companies, to innovate, invest, grow and export. Bpifrance, by sharing the risks with its private and public partners, provides a continuum of financing, from short-term credits to equity capital that meets the needs relating to each stage of businesses life cycle. www.bpifrance.fr

About Iris Capital

Iris Capital is a pan-European venture capital fund manager specializing in digital economy. Since its inception in 1986, the Iris Capital team has invested more than €900 million in more than 200 companies. Iris Capital targets opportunities in service or technology companies, seeking growth capital in order to realize their strategy. It provides active support to its portfolio companies on the basis of its strong sector specialization and experience, and has offices in Paris, Düsseldorf, San Francisco, Montreal, Riyadh, Dubai, Beijing and Tokyo. In 2012 Iris Capital has entered into a strategic partnership with Orange and Publicis to manage their joint venture capital initiative. www.iriscapital.com

About Talend

Talend provides integration that truly scales. From small projects to enterprise-wide implementations, Talend’s highly-scalable data, application and business process integration platform maximizes the value of an organization’s information assets and optimizes return on investment through a usage-based subscription model. Ready for big data environments, Talend’s flexible architecture easily adapts to future IT platforms. And a common set of easy-to-use tools implemented across all Talend products enable teams to scale developer skillsets, too.

More than 4,000 enterprise customers worldwide leverage Talend’s solutions and services. 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 www.talend.com.

Contact:
Talend:
Talend, Inc.
Juliet McGinnis, 617-797-6213
press@talend.com
or
PAN Communications
Kim Leadley/Meghan Flannery, 617-502-4300
talend@pancomm.com
or
Bpifrance:
Antoine Boulay, +33 1 41 79 83 76
antoine.boulay@bpifrance.fr
or
Nathalie Police, +33 1 41 79 95 26
nathalie.police@bpifrance.fr
or
Iris Capital:
Elsa Perretti, +33 1 44 82 45 54
elsa.perretti@mslfrance.com
or
Robert Amady
robert.amady@consultants.publicis.fr


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer