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Paris, 18 February 2009
Bizanga, provider of the world's leading email and message management platform, today announced that it has completed an $8 million funding round.
The lead investor was the venture team of the French investment company Credit Agricole Private Equity. Renaud Poulard, a partner in the firm will join Bizanga's board of directors. Seed round investor Galileo Partners also participated in the round. Bizanga was advised by Aelios Finance.
This investment caps a formidable 2008 for Bizanga with strong growth in Europe and new product developments.
With the financing round Bizanga reaffirms its strategy and focus - to enable demanding Service Providers and Global 1,000 Corporations to deploy scalable, flexible and cost-effective Application Infrastructure.
“With Bizanga's activities centered on our core IMP product profitable, the investment will primarily be used to finance the continued development and launch of new products and the growth of sales in the Asia Pacific region.” said Jérôme Lecat, CEO of Bizanga. “We are proud to have one of the largest VC's in Europe as our investors and delighted to welcome Renaud to our board.”
“We were very impressed by Bizanga's technological leadership that gives the company a very unique position and a strong footprint in the message management market. Its global reach together with top level team convinced us to support Bizanga” added Renaud Poulard, Partner at Credit Agricole Private Equity.
Marc Sheldon - +1 650 356 8500 - Marc.Sheldon@bizanga.com
Crédit Agricole Private Equity :
Renaud Poulard, Partner, Venture Capital
François-Xavier Dedde, Associate, Venture Capital
Galileo Partners :
François Duliége, Partner
Travers Smith :
Grant Thornton :
ASC Consulting :
Aelios Finance :
Thibault de Monclain
Crédit Agricole Private Equity
Martine Sessin-Caracci, firstname.lastname@example.org - + 33 1 43 23 90 88