LONDON, June 24 /PRNewswire/ -- Leading Data Center 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.
LONDON, June 24 /PRNewswire/ — Leading Data Center 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 helping organizations provide a complete view of their data centers, allowing them to intelligently manage power consumption and forecast greenhouse emissions. The company 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 optimize 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.
About Global DataCentre Management (GDCM)
GDCM was founded in 2003 with the aim of allowing organisations to increase efficiency and reduce costs within data centers – as well as reducing power consumption and addressing environmental obligations. Today, GDCM provides data center software designed to help data center managers make the most of their IT investments. GDCM's flagship product nlyte is the only data center management tool to provide an automated view of all physical and virtual assets and workgroups within the data center. http://www.gdcm.com
About Balderton Capital
Balderton Capital is a leading venture capital firm, committed to finding and helping talented entrepreneurs build great companies. Based in London, it manages approximately $1.5 billion in committed venture capital. Since 2000, Balderton has invested in over 80 companies across a wide variety of technology sectors and geographies, including throughout Europe, and in the US and China. Notable investments include Bebo (the social networking site, which was recently sold to AOL for $850m), Betfair (the online betting exchange), Codemasters (the video games developer and publisher), MySQL (open-source database business, recently sold to Sun for $1 billion) and Setanta Sports (European sports broadcaster). Balderton Capital approaches investment using the principles of teamwork and an intense dedication to building companies of lasting value. The partners combine Silicon Valley operating and company-building experience with a keen understanding of what it takes to build successful businesses in the media and technology markets.
SOURCE Global DataCentre Management