Thursday, June 26, 2008

GDCM, a London-based provider of data center management solutions, has raised a "multi-million dollar" investment

What Company Is Offering:
GDCM is a global software company which has developed solutions aimed at helping organizations provide a complete view of their data centers, allowing them to intelligently manage power consumption and forecast greenhouse emissions. The company counts HBOS, DHL and Clifford Chance among its growing list of clients. With offices now in London, New York, Dallas and California, and with expectations to achieve triple figure growth this year, GDCM is strengthening the board as it rolls-out its services internationally.

How Much They Got From VCs:

GDCM, a London-based provider of data center management solutions, has raised a "multi-million dollar" investment from Balderton Capital. The financing will be used to help financing international growth. The investment will be used to accelerate the company's international growth. Bernard Liautaud, previously chairman and chief strategy officer at Business Objects, and Tim Bunting, Partners at Balderton Capital will join the firm as non-executive directors.
John Moreton, GDCM's Chairman, said: "We are pleased to have the support of Balderton which has an outstanding track record in developing software companies and welcome Bernard and Tim to our board. Their industry knowledge and expertise will be invaluable as we continue our expansion in Europe and the US."

Balderton Capital is Europe's premier venture capital firm behind investments such as MySQL, recently sold to Sun Microsystems for $1 billion, and Bebo, sold to AOL for $850m.

More at:http://www.gdcm.com

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