Silver Lake Sumeru Invests in Data-Management Company Talend
Silver Lake Sumeru, a division of the private-equity firm that focuses on midsize businesses, made an investment in Talend, a company that aims to help customers save money by managing their data more efficiently.
Talend, run out of Los Altos, California, and Paris, has 240 employees and 1,500 customers, including EBay Inc., Virgin Mobile and Sony Corp., according to a statement today. Terms weren’t disclosed.
Talend relies on open-source software to manage companies’ data, meaning it uses code that’s freely developed by a collective of programmers. The company most recently raised $8 million in April, for a total of $28 million. At the same time as the Silver Lake deal, Talend announced that it has purchased Sopera, a provider of open-source middleware -- software that helps different systems communicate.
In August, Talend announced that Nick White would be joining the company as chief financial officer. He was previously finance chief of SpringSource Inc., which was acquired by VMware Inc. in 2009.
Silver Lake, based in Menlo Park, California, has more than $14 billion in assets.
To contact the editor responsible for this story: Tom Giles at firstname.lastname@example.org