Cloud: Abiquo Completes $10M Round of Funding

Cloud: Abiquo Completes $10M Round of Funding

Cloud management solution vendor Abiquo has completed a $10 million round of Series B funding led by new investor Balderton Capital, with existing VCs Nauta Capital and Eurecan also participating. Here’s some insight.

Abiquo has caught MSPmentor’s attention a few times in 2010 for their growing momentum in selling cloud infrastructure management solutions to service providers. And with the $10 million it just raised, Abiquo’s press release indicates the company is looking to expand their sales and marketing efforts worldwide to keep that momentum going. The company also says it’s planning on investing in customer support and their senior team.

As with many investment deals of this kind, Balderton is sending one of their partners -- in this case, Bernard Liautaud -- to serve on the Abiquo Board of Directors. Previously, Liautaud served as CEO of Business Objects, which was acquired by SAP in 2007 for $6.8 billion.

When MSPmentor’s John Moore last spoke with Abiquo in November 2010, he heard that the company was fairly satisfied with their positioning in the service provider marketplace, but that they were looking to build out their share of the enterprise space. And it looks like their new investment capital will help them build towards that goal.

As always, keep watching MSPmentor for more on Abiquo.

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