From the Wires
Bizanga Completes $8 Million Funding Round led by Credit Agricole Private Equity - Galileo Reinvests
Feb. 17, 2009 09:01 AM
SAN MATEO, California and PARIS, February 17 /PRNewswire/ -- 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 Jerome 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.
About Bizanga
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 North
America, Europe and Asia Pacific.
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 EUR2.8 billion in various types of
private equity vehicle (FCPR, SICAR, FCPI and SCR). Credit Agricole Private
Equity supports entrepreneurs in their expansion plans.
http://www.ca-privateequity.com
About Galileo Partners
Galileo Partners is an independent venture capital company; the current
fund is about 350 million Euros. Focused on the new technologies, Galileo
Partners has gone through a dozen IPOs and many industrial buyouts. Its
long-term performance allows the company to be continuously supported by
major International investors.
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, martine.sessincaracci@ca-privateequity.fr
- +33-1-43-23-90-88.
SOURCE Bizanga Ltd
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