International growth bolstered by multi-million dollar investment from Balderton Capital
London, 16 June 2008 – Leading Data Centre Management Company, GDCM, has secured a multi-million dollar investment from Balderton Capital, the leading international venture capital firm. The investment will be used to accelerate the company’s international growth. Bernard Liautaud, previously chairman and chief strategy officer at Business Objects, and Tim Bunting, Partners at Balderton Capital will join the firm as non-executive directors.
GDCM is a global software company which has developed solutions aimed at supporting organisations in providing a complete view of their data centres, allowing them to intelligently manage power consumption and forecast greenhouse emissions. The organisation counts HBOS, DHL and Clifford Chance among its growing list of clients. With offices now in London, New York, Dallas and California and with expectations to achieve triple figure growth this year, GDCM is strengthening the board as it rolls-out its services internationally.
Bernard and Tim will play a key role on the board of directors at GDCM by advising on the growth strategy and helping to optimise revenue generation. They join with immediate effect.
John Moreton, GDCM’s Chairman, said: “We are pleased to have the support of Balderton which has an outstanding track record in developing software companies and welcome Bernard and Tim to our board. Their industry knowledge and expertise will be invaluable as we continue our expansion in Europe and the US.”
Balderton Capital is Europe’s premier venture capital firm behind investments such as MySQL, recently sold to Sun Microsystems for $1 billion, and Bebo, sold to AOL for $850m.
Bernard has recently joined Balderton Capital as a Partner. He is one of Europe’s most successful technology entrepreneurs. He was the founder and CEO of Business Objects, the enterprise software company, which was sold to SAP in January this year for $6.7 billion, making the third largest software deal at the time. With 6,700 employees, 45,000 customers and $1.5 billion of revenues in 2007, Business Objects became one of the 15 largest software companies in the world and the first European software IPO on Nasdaq in 1994. Bernard was recently appointed to SAP’s supervisory board and technology committee.
Tim Bunting, Partner at Balderton, brings with him over two decades of experience in the financial markets. He spent 18 years at Goldman Sachs as head of Equity Capital Markets, head of the European Financing Group and Vice Chairman of Goldman Sachs International.
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