Talend Secures $3.5 Million in Second-Round Funding to Fuel Continued Growth and Momentum

Pioneer in Open Source Data Integration Closes Second Quarter with Additional Financial Backing,
Strong Revenue Growth, New Partner Acquisitions and More Than 100,000 Downloads.

PALO ALTO, Calif. - July 16, 2007 - Talend, the first provider of open source data integration software, today announced it has secured $3.5 million in Series B financing. The funding round, contributed by AGF Private Equity and Galileo Partners, Talend’s historical financial partners, will help Talend expand its technical and market 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.

"We have been impressed by the massive deployment of Talend, and the leading position it has achieved so quickly in the U.S. market,” said Jean-François Galloüin, partner with AGF Private Equity. “As a result, we are happy to renew our trust in the team and expand our support. Open source offerings are clearly proving to be a genuine alternative in the software industry, and Talend is in a leading position for continued growth."

During the first half of 2007, Talend experienced remarkable growth as evidenced by key financial and operational highlights, including:

• Secured a total of $7 million in financial backing
• Launched U.S. operations; established a U.S. headquarters in Palo Alto, Calif.
• Met forecast number of 100,000 downloads by the end of second quarter
• Bolstered leadership team with the appointment of seasoned executives to the positions of vice president of worldwide marketing, general manager U.S., general manager EMEA and chief financial officer
• Aggressively expanded partnership portfolio through strategic agreements with leading technology companies that include Dataupia, JasperSoft, MicroStrategy, MySQL, SpagoBI or Vertica; and system integratomargin-left:40px;rs that include Bull, Cap Gemini, ClearViews, IDB Consulting or Unisys
• Met increased demand for solution support by signing on new distribution and training partners in the U.S., Europe and Latin America including ASPE Tech and Etica Software
• Became the first among competitive offerings to deliver its solution through the software-as-a-service (SaaS) model
• Added new global customers including the Spanish power company, ENDESA, Sony, HSBC, University of Toulouse and the French Railway company SNCF
• Co-founded the Open Solutions Alliance (OSA) to promote the adoption of open-source technologies
• Opened a second development office in Shenzhen, China

"We grew our company on the fundamental belief that organizations that enact the right tools to unlock and manage the abundance of corporate data are best armed to solve business problems,” said Jim McManus, vice president of channel sales and alliances at Dataupia, a leading data warehouse solutions provider and Talend partner. “Our partnership with Talend ensures we deliver on that promise by providing our customers with a feature-rich, intuitive, data integration product that exceeds the performance of existing proprietary solutions, while eliminating steep licensing fees."

"We sought a solution that met our data integration needs as well as cost effective service and support,” said Jean Gaignebet, IT director for SNCF Rail Testing Agency. “After testing several vendors’ products, we selected Talend for both their open source roots, making it compatible with our budget constraints, as well as for the service package that allows us to ramp up and become self-sufficient very quickly. The speed with which the product can be deployed, combined with the level of support delivered from the company, were the two defining reasons we chose Talend."

Talend Open Studio, available for download free of charge at www.talend.com, is the industry’s first pure open source data integration solution, combining metadata-driven design and execution, with an easy-to-use graphical development environment, to deliver better scalability at a lower total cost of ownership than traditional data integration or Extract, Transform and Load (ETL) solutions. The open source approach chosen by Talend extensively leverages the community, expediting product enhancements that directly address user’s feedback and needs. Talend’s technology and business vision shatters the traditional proprietary model and provides the flexibility required to meet the needs of all organizations – regardless of their size, level of expertise or budgetary constraints.

Most recent advancements of Talend’s technology include last month’s release of Talend On Demand, its software-as-a-service (SaaS) offering. It is a cost-effective way for resource-strapped organizations to obtain the same benefits of commercially licensed, internally operated software without the associated administration. As a SaaS offering that is also built with open source components, Talend On Demand requires no new software to support or infrastructure to maintain, and can be deployed in minutes anywhere in the world.

Additionally, this month Talend will release Talend Open Studio 2.1. This upgrade includes a number of new features such as automatic handling of Slowly Changing Dimensions, MOM (Message Oriented Middleware) support for real-time integration jobs, fuzzy logic data matching, further optimizations for performance increase, or transaction management. These enhancements – and many others – to the open source data integration solution render it even more versatile and increase the scope of functions that can be performed with the product.

"2007 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 in additional global markets,” said Bertrand Diard, co-founder and CEO of Talend. “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."

Press contact:
press@talend.com