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Data integrator Talend scores $12M in funding

By David Rubinstein

January 26, 2009 — Talend, a provider of open-source data integration software, closed a US$12 million round of funding, led by London-based venture firm Balderton Capital and private investor Bernard Liautaud, founder of SAP-owned Business Objects.

This is the third round of funding for the company, which launched its first product in August 2005 and has seen approximately 3.3 million downloads of its Talend Open Studio since October 2006, according to Yves de Montcheuil, vice president of marketing. With the new funding, Talend is “ready to scale our business model. We think the timing’s perfect. Our solution, and open source in general, helps restrain costs,” de Montcheuil said. Like many open-source companies, Talend gives its software away but sells add-ons and service/support contracts.

Talend Open Studio, now at version 3.0, is the company’s main data ETL and integration product. A subscription-based Integration Suite adds a multi-user repository and auto-deployment features capable of load balancing. Talend OnDemand is the company’s software-as-a-service solution, while Talend Data Quality is the management piece.

With Balderton and Liautaud providing what Talend CEO Bertrand Diard called “very deep pockets,” the company is poised to compete more aggressively in the data integration market and add to its paying customer base of more than 400, he said. Liautaud engineered the sale of Business Objects to SAP for $6.75 billion in 2007. “When an entrepreneur like Bernard comes on board, his knowledge is very important to us,” Diard said.

Meanwhile, Balderton, then known as Benchmark Capital Group, was an early investor in MySQL and took a huge windfall when Sun purchased the open-source database for $1 billion in January 2008. Diard called that the most successful venture capital exit in the history of open source.

“We are now ready to play,” Diard said of competing with market stalwarts CA, IBM and Pervasive Software. “We are well-equipped to fight.”

Related Search Term(s): data integration, open source, Talend

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Business Briefs: February 15, 2009 Talend secures US$12 million in funding from Balderton Capital, and it hopes to use that funding to aggressively expand in the data integration market. Also, Google and VMware announce earnings reports.

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Business Briefs: February 15, 2009
Talend secures US$12 million in funding from Balderton Capital, and it hopes to use that funding to aggressively expand in the data integration market. Also, Google and VMware announce earnings reports Read More...

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