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Talend: Open Source Data Integration Leader Secures Funding Round to Fuel Continued Growth and Momentum
Mar 09, 2009 (M2 PRESSWIRE via COMTEX) --
Talend, the first provider of open source data integration software, today announced another year of record growth in 2008, making the move from being a disruptive innovator to an open source data open source data integration leader. The popularity of Talend Open Studio, the company's flagship open source data integration solution, has risen sharply since its introduction more than two years ago with 3.3 million lifetime downloads. In the past 12 months, alone, Talend's paying customer base increased by more than 300 percent, steadily taking market share away from proprietary data integration tools and confirming the suitability and scalability of its solutions for enterprise projects of large and well-known companies.
"Despite the downturn in the economy, Talend was able to raise a new round of financing, which reinforces Talend's leading position in the data integration market and the benefits of open source technologies,"said Bertrand Diard, co-founder and CEO of Talend. "Over the past 12 months, we have seen hundreds of new customers and dozens of new partners embrace our open source data integration and data quality technologies as the foundation for enterprise projects. We are excited to accelerate this momentum throughout 2009."
2008 Company Highlights
In 2008, Talend focused on delivering the first suite of open source data quality products, including Talend Data Quality and Talend Open Profiler, to further underscore Talend's pioneering role in open source data integration and data quality. In addition to new products, Talend expanded their customer base with more than 400 paying customers, all deploying Talend with outstanding results.
Leveraging the additional funding, in 2009, Talend will expand global operations 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 solutions in a time of shrinking budgets and slimming services margins. The company will reinforce its position as a key player in a market still dominated by a handful of proprietary vendors. Talend will also unveil new products to help solve emerging integration requirements stemming from merger and acquisition activity.
As a first step toward extending global operations, in February 2009, Talend opened a new office in the United Kingdom (UK), based in Maidenhead. This office is run by industry veteran, Martin James, who will lead UK business operations and is responsible for driving the adoption of open source data integration in the enterprise market. James has experience in establishing and helping grow European operations for a number of world-class organisations including Sonic Software, Data Synapse, eXcelon Corporation, Candle Corporation and Computer Associates.
Talend also opened a new Benelux office, joining existing operations in California, France, Germany and China, and expanded its business development teams in existing offices, giving a substantial presence in North America, Europe and Asia-Pac.
Additional Company Milestones
Talend accomplished several significant milestones further validating the company's leadership in the market.
These include:
Financials:
Talend secured $12 million in Series C financing to fuel worldwide growth and company expansion. The funding round was led by Balderton Capital, an early investor in MySQL, and existing investor AGF Private Equity bringing Talend's total funding to more than $20 million. Balderton's General Partner Bernard Liautaud-the founder, CEO and Chairman of Business Objects for 18 years up until its eventual sale to SAP for $6.7 billion-joined Talend's board of directors.
Market Penetration:
Talend Open Studio has increased to 3.3 million lifetime downloads with one download per minute and 700,000 core product downloads. Talend's paying customer base increased by more than 300 percent-one new paying customer per day.
New Products:
In 2008, Talend announced the availability of Talend Data Quality, the first product to combine data integration, data profiling and data quality in an open source suite; Talend Open Profiler, the first open source data profiler; Talend Integration Suite v3.0, the first open source product with Change Data Capture to streamline data integration for enterprises; and Talend Open Studio v3.0, the company's flagship open source data integration solution.
Customers:
Talend welcomed over 400 new paying customers since the beginning of 2008, including many global organisations such as Yahoo!, US Cellular, SwissLife, Honda Bank, Virgin Mobile France, Shopping.com, Levolor, MyBuys, Car & Boat Media, Eurofins and Sun Country Airlines.
Strategic Partnerships:
Talend expanded its technology partnerships with leading companies such as Teradata, Infobright, Microsoft, ParAccel, Sage CRM, Pipeline Software, Coheris, Knowledge Relay, Greenplum and EnterpriseDB. In addition, Talend welcomed more than 50 new integrator partners in the Talend Alliance Program, including PI-Solutions, Compact Solutions, Acxius and Levementum.
Management Team:
Talend bolstered its leadership team with the appointment of software industry veteran Jean-Luc Solans as vice president of strategy and business development. Solans previously worked at Hyperion, which was acquired by Oracle.
Industry Recognition:
Intelligent Enterprise Magazine named Talend as a "Company to Watch"in 2009. Talend was selected based on its market leadership in open source data integration and Extract, Transform and Load (ETL) technologies, in addition to the innovation of its products and strength of its industry partnerships. Also, Talend along with customer, ETAI, won the BeyeNETWORK 2008 Vision Award for Business Impact in the Data Integration category. The award recognises companies that have used data integration software and technology to positively impact their organisations. Also, Talend Open Studio scored a perfect 10 for value in a review by the InfoWorld Test Centre, part of a 9.0 out of 10 overall rating by one of the world's best regarded technology publications. Lastly, Talend was recognised by the SourceForge.net Community Choice Awards as a finalist in the category "Most Likely to be the Next $1 Billion Acquisition."
Roadshows:
Talend kicked off The Talend Roadshow in the UK on 16th February 2009, which is a series of free technical workshops focused on Talend Open Studio. These workshops have taken place in numerous cities across the world and are continuing to expand its geographic reach. So far, more than 1,000 people have received complimentary Talend Open Studio training.
About Talend
Talend is the recognised market leader in open source data integration. More than 400 paying customers around the globe, including Yahoo!, Virgin Mobile, Sony and Swiss Life, use the Talend Integration Suite of products and services to optimise the costs of data integration, ETL and data quality. With over 3.3 million lifetime downloads and 700,000 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.
CONTACT: Melissa Powell / Georgina Heaume, Spreckley Partners Ltd
Tel: +44 (0)20 7388 9988
e-mail: heaume@spreckley.co.uk
Talend
WWW: http://www.talend.com
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