Silver Lake Sumeru, announced that it has made a strategic investment in Talend, a market leader in open source data management software.
“Today, an increasing number of enterprise IT departments are using open source technology to drive their operations,” said John Brennan, managing director at Silver Lake Sumeru, in a press release. “Talend is a clear leader in open source data management, and with the acquisition of Sopera, is uniquely positioned to deliver open source solutions into the data management and application integration markets. We are excited to work closely with Talend to support its expansion through organic growth as well as future acquisitions.”
Bertrand Diard, Talend’s co-founder and CEO, said, “We are delighted to welcome Silver Lake Sumeru as our investor and partner and see this as a strong vote of confidence in both our business model and team. Talend looks forward to leveraging Silver Lake’s deep technology expertise and strategic insight as we continue to innovate and grow.”
Concurrent with the Silver Lake Sumeru investment, Talend announced that is has acquired Sopera, a leading provider of open source service-oriented architecture (SOA) and middleware solutions. The new expanded business ranks among the world’s top five pure-play open source vendors.
Silver Lake Sumeru is the middle-market investment fund within Silver Lake, which manages over $14 billion in assets and is the global leader in private investments in technology and technology-enabled industries. Silver Lake’s portfolio companies include global technology leaders such as Skype, NASDAQ OMX and Avago, as well as emerging leaders such as Power-One (News - Alert) and i2. Silver Lake Sumeru’s minority stake in Talend marks the fund’s second investment in Europe.
Talend provides open source and commercially licensed versions of Data Integration, Data Quality and Master Data Management (MDM) applications. Founded in 2005 with dual headquarters in Suresnes, France and Los Altos, Calif., Talend has grown rapidly in the last 5 years and is now the recognized market leader in open source data management. Talend’s products have received positive recognition from industry analysts from companies such as Gartner, IDC (News - Alert) and Forrester. The company has approximately 260 employees worldwide with offices in Germany, China, Japan, Italy and the U.K.
The combination of Talend and Sopera creates a global leader in open source middleware solutions, and uniquely positions Talend to take advantage of the synergies that exist between data management and application integration projects. The company’s new offerings will enable IT organizations to leverage a highly functional and cost effective unified global middleware platform. In the near future, the unified platform will be optimized to seamlessly integrate on-premise data and applications with cloud-based deployments.
With Silver Lake Sumeru’s investment, John Brennan will join Talend’s board of directors. Jones Day acted as legal advisor to Talend. Kirkland & Ellis LLP acted as legal advisor to Silver Lake Sumeru.