Talend, a global provider of open source data solutions, has raised $34 million in new funding led by Silver Lake Sumeru, with existing investors Balderton Capital and IdInvest Partners participating. This brings Talend’s total funding to over $60 million.
Talend develops a range of open source data integration, data quality and master data management (MDM) solutions for the enterprise. Talend chooses to take an open approach by publishing the code of its core and base modules under a GPL license, offering the developer community the ability to improve the product and make enhancements that can benefit everyone.
The company also acquired Sopera, a provider of open source SOA and middleware platforms. Terms of the acquisition were not disclosed. Talend says that with the acquisition, IT organizations can now leverage a unified middleware platform that costs far less than proprietary technologies, delivers greater functionality and is easier to deploy and manage.
Earlier this year, Talend said its flagship open source data solutions have been downloaded more than seven million times and reported that its paying customer base grew 140% to well over 1,000 customers in 2009.
Talend is a provider of open source data integration software. Market analysts agree that data integration tools represent a $13 billion market (with the ETL sub-segment valued at $2 billion and operational integration at $11 billion) — and that the market is growing at double-digit rates, year after year. Since the emergence of data integration tools in the 1990s, the market has been dominated by a small — and quickly consolidating — number of traditional vendors offering proprietary, closed solutions, which...