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With More than 100% Year over Year Growth and Strong Financial Backing, Talend is Firmly Entrenched as an Open Source Leader and Ideally Positioned for Future Expansion
SURESNES, France and LOS ALTOS, Calif. - November 10, 2010 - Talend, the recognized market leader in open source data management software, announced today that it has acquired Sopera, a leading provider of open source SOA and middleware platforms, creating a global leader in open source middleware solutions that ranks among the top five global pure play open source vendors. Simultaneously, Talend completed a $34 million financing round led by Silver Lake Sumeru, a global leader in private investments in middle-market technology companies. Existing Talend investors Balderton Capital and IDInvest Partners (formerly AGF Private Equity) also participated in this round.
The combination of Talend and Sopera creates a global leader in open source middleware solutions, and uniquely positions it to take advantage of the synergies that exist between data management and application integration projects. IT organizations can now leverage a unified global middleware platform that costs far less than proprietary technologies, delivers greater functionality and is easier to deploy and manage. The unified platform will be optimized to seamlessly integrate on-premise data and applications with cloud-based deployments.
With the acquisition, Sopera is now a wholly owned subsidiary of Talend and will become Talend’s application integration division. Talend will retain Sopera employees and capitalize on their know-how, while investing to accelerate the global expansion of the newly formed division.
“The acquisition of Sopera is a critical step as we continue to evolve and grow our offerings and expand our market coverage; the new financing round, led by one of the largest and most successful technology investment firms in the world, is a major validation of our strategy,” said Bertrand Diard, CEO and co-founder of Talend. “In just four years, Talend has emerged as the undisputed leader in open source data management, democratizing this market. We are now poised to expand the leadership, innovation and value we deliver to our customers in adjacent markets. Our new offerings will enable us to expand into and democratize the application integration market, currently served primarily by traditional proprietary solutions from vendors such as TIBCO, Software AG and Progress Software.”
“The data management and application integration markets are quickly converging as they address many of the same technical requirements and customer pain points,” added Fabrice Bonan, COO and co-founder of Talend. “We are uniquely positioned to deliver open source solutions into these growing markets, and our acquisition of Sopera will accelerate these efforts. The Sopera ASF product is based on the popular Apache ServiceMix, Apache CXF, and Apache ActiveMQ projects and forms the basis for the Eclipse Swordfish SOA runtime project. Talend is committed to continuing support for the Eclipse project and to growing our relationship with the Apache Software Foundation as we contribute to and use these projects in our existing and future offerings.”
“Today, more and more enterprise IT departments are using open source technologies to drive their operations,” said John Brennan, managing director at Silver Lake Sumeru. “Talend is a clear leader in the open source data management market, and Silver Lake Sumeru is excited to work closely with them to support their current and future expansion.” With Silver Lake Sumeru’s investment, Brennan will join Talend’s board of directors.
“Since our initial investment in Talend, the accomplishments of the company have been impressive and exceeded our own high expectations,” said Bernard Liautaud, general partner at Balderton Capital, founder and ex-CEO of Business Objects, and a Talend board member. “We are at the beginning of a new era of growth for the company and we are excited to see Talend expand its lead from the open source data management market into the broader middleware space.”
“We remain as bullish on Talend as ever,” said Matthieu Baret, partner with IDInvest Partners and a Talend board member. “Talend has proven their ability to deliver consistent and aggressive quarter over quarter growth and our new investment reaffirms our long term commitment to the company.”
“The entire Sopera team is excited to join Talend’s global organization,” said Harald Weimer, CEO of Sopera. “We are now perfectly positioned to accelerate the deployment and expansion of Sopera’s world class application integration technology through Talend’s access to key markets all over the world including the United States, Europe and Asia.”
Talend will announce the impact of the acquisition on its new product roadmap, both for its new application integration division and its core data management products, within 30 days.
About Sopera
Sopera is an Open Source Integration Middleware vendor and supports customers to capture the value of Open Source Software by reducing Total Cost of Ownership (TCO) and vendor dependency. Sopera’s integration suite, Sopera ASF (Advanced Service Factory) is a sophisticated and complete Open Source platform that enables users to implement complex integration projects at low cost. The platform is based on the experience from ten years of developing and operating in a demanding enterprise environment. Customers of Sopera include Deutsche Post, Zurich Insurance and Landesbank Berlin.
About Silver Lake Sumeru
Silver Lake Sumeru is a global leader in private investments in middle-market technology companies. The Silver Lake Sumeru team applies fundamental operating insight, deep technology sector expertise, and world-class investing skills to acquire and manage companies. Silver Lake Sumeru’s portfolio includes sector-leading technology companies such as AVI-SPL, i2, Mobile Messenger, Power-One and Spansion. Silver Lake Sumeru is the middle-market investment fund of Silver Lake, the global leader in private investments in technology and technology-enabled industries. For more information, please visit www.silverlake.com.
