Kalido to Forge New Growth Through Funding and Investment by Atlas Venture and Benchmark Capital.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--July 14, 2003 Award-winning data warehousing See data warehouse. data warehousing - data warehouse software provider enhances business model to fuel expansion in US and Europe Kalido, the data warehousing and data management software provider, has raised substantial funds from Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the and Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon to finance new business growth. The software provider has also been spun off by its former parent, the Royal Dutch/Shell Group of Companies (Shell). In addition, Kalido has named Bob Potter, formerly of IONA Technologies IONA Technologies, NASDAQ: IONA, began life as a campus company in Trinity College, Dublin and was founded by Chris Horn, Annrai O'Toole, Colin Newman and Seán Baker.[1][2] IONA maintains headquarter offices in Dublin, Boston and Tokyo. , as its new chief executive officer, as announced separately today. Atlas Venture and Benchmark Capital have each acquired a substantial stake in Kalido. Their funding and investment will help accelerate Kalido's growth in the business intelligence and data warehousing market in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe as well as expedite new product development. Kalido will also benefit from their expertise in accelerating the international growth of technology companies, which will complement its existing expansion strategy. By investing in Kalido, the venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] acknowledge its strong growth potential, based on its unparalleled product offering and roadmap, employee talent, blue chip client base, and market demand. Kalido's global clientele spans the banking, retailing, manufacturing, petroleum/energy, management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , and satellite communications sectors. Nearly 70 per cent of its customers feature in the Forbes 500 International List, including Shell, Philips, Unilever, Cadbury Schweppes Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its and HBOS HBOS Halifax Bank of Scotland plc. The company's award-winning software, the KALIDO(TM) Dynamic Information Warehouse, is an application for the creation, management and global coordination of data warehouses. The application can provide consistent management information in even the most complex multinational enterprise as, unlike traditional data warehousing, it assumes that the business model is always changing. The KALIDO software is currently deployed in over 30 major projects and is in production use in over 100 countries. It was originally developed within Shell in the mid 1990s and then brought to the world stage through the launch of Kalido in 2001. Andy Hayler Andy Hayler, data warehousing innovator, entrepreneur, writer, and food critic, is known for leading the creation of the dynamic data warehousing architecture within Royal Dutch Shell that he later commercialized as the KALIDO Active Information Management software product of , the founder of Kalido, who continues as its chief strategist, noted: "This is the next logical step in the long-term business plan for the successful evolution of Kalido. We will continue to focus on the needs of our rapidly expanding customer base, while retaining Shell as a very significant customer." Bob Potter said: "The deal marks a significant milestone in Kalido's goal to become the leading vendor of cutting-edge data warehousing and data management software to support business intelligence and performance management. Our near-term objectives include continued investment in our product portfolio and expanding our operations. I look forward to guiding Kalido's growth, particularly in the United States." Christopher Spray, senior principal, Atlas Venture, said: "Kalido's software helps large companies improve business performance. This has never been more relevant than in today's climate of unprecedented change. In a short period of time the company has achieved a remarkable list of blue chip customers, and we look forward to supporting their further expansion through our network of offices in the US and Europe." George Coelho, general partner, Benchmark Capital, added: "Kalido has a potent mix of employee talent, unparalleled product offering in a robust business intelligence market, and strong client list. In short, we believe Kalido has all the ingredients for long term success." Further comments on the deal: Alan Matula, OP CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of Shell International Petroleum Company Ltd, a customer of Kalido, said: "Shell Oil Products, worldwide fuels and lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. businesses within the Royal Dutch/Shell Group of Companies, see the KALIDO application as critical to their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and performance." Clive Mather Clive Mather (born 1947) is a British former senior executive with Royal Dutch Shell. He joined Shell in 1969 and retired in 2007. His career included assignments in Brunei, Gabon, South Africa, the Netherlands and the UK. , chairman, Shell UK Limited, said: "As Kalido's incubator, it has been exciting for the Royal Dutch / Shell Group of Companies to see the software provider's business grow to the robust business model and impressive client list it has today. Kalido has the resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. endorsement and ongoing commitment from Shell businesses around the world who continue to use their data warehousing and data management software. We wish Kalido every success." Nick White, VP Information Architecture at Unilever, one of Kalido's customers, said: "We have worked closely with Kalido to achieve a substantial improvement in Unilever's global provision of information. This announcement marks an important phase in the company's evolution and we look forward to continuing to work closely with Kalido." Barry Wilderman, senior vice president and director, META Group, said: "As enterprises struggle to achieve clarity of business performance through change, there is a growing market requirement for information integration software that provides accurate and timely analysis of data. Vendors with technology that handles continuously changing business dimensions will have a distinct advantage in solving this complex problem." Frank Buytendijk, research vice president, Gartner Inc., said: "With the coming of the Real-time Enterprise, the need for speedy, integrated and coordinated management information throughout the enterprise has never been so apparent. A flexible, agile data warehouse infrastructure is virtually an imperative in successfully deploying business intelligence." About Atlas Venture Atlas Venture is a leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. With offices in Boston, London, Munich and Paris, Atlas Venture divides its investments between the United States and Europe. Founded in 1980, Atlas Venture currently manages US$ 2.1 billion in committed capital. The Atlas Venture investment team is comprised of seasoned operating executives and career venture capitalists who have been deeply involved in the formation and development of more than 300 companies worldwide. Software investments have included Business Objects, Spotfire, Element 14, eRoom Technology, Revit Technologies, and SpeechWorks. For more information about Atlas Venture, go to www.atlasventure.com. About Benchmark Capital Benchmark Capital was founded in 1995 with the mission of helping talented entrepreneurs build major technology enterprises focused on long-term growth. Benchmark takes a labor-intensive, team-oriented approach to venture investing venture investing The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so in order to deliver a superior level of service to its portfolio companies. Benchmark's portfolio includes franchise companies such as Ariba (Nasdaq: ARBA), eBay (Nasdaq: EBAY), Handspring (Nasdaq: HAND), Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. (Nasdaq: JNPR JNPR Juniper Networks, Inc. (stock symbol) ) and Red Hat (Nasdaq: RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ). Managing more than US$ 2 billion in committed venture capital, Benchmark focuses on early-stage investing in markets where the partners have direct, relevant experience. For more information on Benchmark, visit its web site at www.benchmark.com. About Kalido Kalido provides data warehousing and data management software to improve performance management of complex, diverse organizations throughout business change. The KALIDO Dynamic Information Warehouse software is used in over 100 countries by multi-nationals such as the Royal Dutch/Shell Group of Companies (Shell), Unilever, Philips and Cadbury Schweppes. Originally established by Shell, Kalido has operations in the United States and Europe delivering sales, consulting services, technical support and training. Kalido works closely with large system integrators for the deployment of projects. Kalido's website is at http://www.kalido.com. |
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