From the Wires
Bizanga Completes $8 Million Funding Round led by Credit Agricole Private Equity - Galileo Reinvests
By: PR Newswire
Feb. 17, 2009 09:01 AM
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
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
"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.
Bizanga is the global leader in email and message management, and
provider of the world's most scalable and full-featured Email message
processing and security platform, the Intelligent Message Processor(R) (IMP).
The IMP can be deployed to protect an email infrastructure from blended
threats including spam, viruses, denial-of-service and harvest attacks. It
can also be used to perform parental control, compliance/encryption services
or simply to manage infrastructure migration or new service deployment.
Designed especially for service providers, the IMP is extremely easy to
integrate with existing infrastructure, including provisioning systems and
message store. IMPs handle email for millions of mailboxes throughout
Bizanga sells direct to Internet service providers, cable operators, fixed-line and mobile operators. The technology is also available on an OEM basis to application software vendors. Bizanga is a member of the Messaging Anti-Abuse Work Group (http://www.maawg.org). For more information about Bizanga, visit the company's Web site at http://www.bizanga.com
About Credit Agricole Private Equity
Credit Agricole Private Equity, an AMF-authorised investment management
company and wholly-owned subsidiary of Credit Agricole S.A., specialises in
direct private equity investment in unlisted companies. A multi-specialist,
Credit Agricole Private Equity has 50 investment teams focusing on different
segments of the private equity market (LBO & Expansion, Venture Capital,
Mezzanine, Renewable Energy, PPP Infrastructure, Liquidity Solutions,
Co-Investment) and manages a total of
About Galileo Partners
Galileo Partners is an independent venture capital company; the current
fund is about
About Aelios Finance
Aelios Finance (http://www.aeliosfinance.com) is the leading French corporate finance advisory firm helping entrepreneurs and mid-cap companies to complete successful capital raising, mergers & acquisitions, LBO and IPO. Aelios Finance is also the exclusive French office of the world's largest network of M&A companies, M&A International Inc. ( http://www.mergers.net).
Press contact Bizanga Marc Sheldon, Marc.Sheldon@Bizanga.com, +1-650-787-3254 Credit Agricole Private Equity Martine Sessin-Caracci, email@example.com - +33-1-43-23-90-88.
SOURCE Bizanga Ltd
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