We announced last week that we have secured $3.5 million in Series B financing. The funding round, contributed by AGF Private Equity and Galileo Partners, our historical financial partners, will help us expand our lead in the open source data integration market by continuing to fuel additional product development, aggressive sales and marketing programs, and a global expansion of operations.
This year has so far been a banner year for Talend, in which we leveraged our initial momentum in Europe by establishing ourselves as an authentic alternative to costly proprietary solutions.
Our phenomenal growth clearly confirms that the market was ready for such an alternative. Today, open source is becoming a strategic orientation for tomorrow’s information systems. This situation is confirming the choices we made when we started Talend, of shattering the traditional proprietary model. And even if proprietary vendors are making it easier for us by keeping opaque business and technical practices, we are staying focused and are ramping up our operations to support our growth.
I am also proud that our historical partners AGF Private Equity and Galileo Partners are renewing their trust in our model and team, and want to thank them again for their support.
I also want to thank our community - users, developers, testers, partners - without them, we wouldn’t be where we are today. We will continue to develop our solutions to better match their needs, working days and nights to deliver more powerful open source data integration!
Bertrand
A couple weeks ago we broke the 100,000 downloads barrier. I would have blogged about this before, had I not been too busy with a new version, a couple press releases, an important tradeshow coming up (make sure to visit us at LinuxWorld in San Francisco - booth #1308-A, part of the OSA pavilion)… no excuse, I know.
Latest Comments
Leon C.
Vincent McBurney
Chris Andre
Paddy, pxaxlshwjn, robert
Yves, Brian, Yves, jen