Zimory Secures $20 Million in Funding

  Zimory Secures $20 Million in Funding

Investors recognize Zimory is set to revolutionize the market for cloud
computing resources and become one of the world’s international cloud business
leaders.

Business Wire

BERLIN -- July 8, 2013

Zimory, the Berlin-based experts for cloud management software, announced
today that it has secured $20 million in funding. This round of funding is led
by Zimory’s newest investor Deutsche Boerse, in addition to its long-standing
investors Creathor Venture; High-Tech Gruenderfonds (HTGF); IBB
Beteiligungsgesellschaft (IBB); KFW; and T-Venture.

"We’re delighted with Deutsche Boerse’s involvement as an investor, and as a
business partner for Zimory,” said Dr. Hagen Hultzsch, Zimory’s chairman.
“Zimory’s technology is a world-leading cloud product. The capital received
from this financing will continue driving forward its international expansion,
and building the vendor-neutral management platform for the cloud services
marketplace.”

The recently announced cloud services marketplace, called Deutsche Boerse
Cloud Exchange, is the world’s first vendor-independent exchange for cloud
computing capacities. It will enable IT resources to be traded like securities
and energy, electronically, and within seconds. Together, Zimory and
marketplace partner, Deutsche Boerse, are set to revolutionize the market for
cloud computing resources.

The newly appointed CTO of the Deutsche Boerse Cloud Exchange, Maximilian
Ahrens said, “Zimory’s neutral trading IaaS orchestration software is enabling
the Deutsche Boerse Cloud Exchange to change the way cloud computing
infrastructure resources are sold and used. The global distribution of virtual
datacenter services will become much easier with standards. Deutsche Boerse
Cloud Exchange will set standards for the whole industry, and Zimory will
become integral part of these standards."

Zimory’s open and intuitive Cloud Brokerage interface, which has been aligned
to the TM Forum’s Information Framework, will be used by global purchasers of
cloud compute and storage services. Zimory’s commitment to advancing open and
standardized cloud management software will help to drive their sales and
marketing activities within enterprises, service providers, and cloud broker
customers, and to further expand Zimory’s global footprint.

“In the last year, we quadrupled revenues, created a US subsidiary and made
significant enhancements to our product suite,” said Ruediger Baumann, CEO of
Zimory. “The funding will enable us to address the strong demand for Zimory’s
cloud management software by continuing to expand our resources and accelerate
our sales, marketing and product development initiatives. Together with
Deutsche Boerse Cloud Exchange and our investors, Zimory will become one of
the world’s cloud leaders for business.”

To get further insight into Deutsche Boerse Cloud Exchange and its
technological implementation attend the Zimory webinar hosted by TMC.net on
Tuesday, July 9, 2013 from 5pm CET/ 10am EST. For more information and to
register, click here.

About Zimory

Founded in 2007, Zimory provides carrier-grade cloud infrastructure management
software that allows service providers, enterprises and cloud brokers to fully
leverage the power and elasticity of cloud computing. Zimory’s intelligent
Cloud Suite simplifies, automates and expedites the creation, launch and
management of all types of cloud environments – whether public, private,
virtual private or hybrid. Zimory software is also a key enabler of cloud
marketplaces for enterprise services, applications and infrastructure.
Headquartered in Berlin, Zimory has development centers in Erfurt, Germany and
Minsk, Belarus, a subsidiary office in New York City and is expanding its
expertise and presence globally.

Contact:

Media:
Zimory, GmbH
Helen Edwards, +44 (0) 77255 71238
Helen.edwards@zimory.com
or
Merritt Group for Zimory
Raksha Varma, +1 650 260 7800
varma@merrittgrp.com
 
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