Talend's Fundraising Validates Open Source Data Integration

IT Business Edge blogger Loraine Lawson recently noted in a post that CIOs and governments are increasingly exploring the idea of open source solutions. Lawson also referenced Tijs Rademaker, a systems integrator and co-author of "Open Source ESBs in Action," who suggests that companies need not be afraid of adopting open source for the purposes of integration.

TechCrunch adds validation to Rademaker's claims in its coverage of open source data integration software maker Talend raising $12 million in Series C funding. The investment from Balderton Capital and AGF Private Equity brings the company's total financing to nearly $20 million. Talend intends to use the funds to increase its products and its presence in the Americas, EMEA and Asia-Pacific.

Talend's flagship product, Open Studio, a data ETL and integration product, has been downloaded over 3.3 million times and the company claims more than 400 paying customers. In addition, Balderton's Bernard Liautaud will join Talend's Board of Directors, according to SD Times on the Web. Liautaud founded Business Objects and engineered its sale to SAP.