Kalido, the data warehousing and data management software provider, has raised substantial funds from Atlas Venture and Benchmark Capital to finance new business growth. The software provider has also been spun off by its former parent, the Royal Dutch/Shell Group of Companies (Shell). In addition, Kalido has named Bob Potter, formerly of IONA Technologies, as its new chief executive officer.
Atlas Venture and Benchmark Capital have each acquired a substantial stake in Kalido. Their funding and investment will help accelerate Kalido's growth in the business intelligence and data warehousing market in the United States and Europe as well as expedite new product development. Kalido will also benefit from their expertise in accelerating the international growth of technology companies, which will complement its existing expansion strategy.
By investing in Kalido, the venture capital firms acknowledge its strong growth potential, based on its unparalleled product offering and roadmap, employee talent, blue chip client base, and market demand. Kalido's global clientele spans the banking, retailing, manufacturing, petroleum/energy, management consulting, and satellite communications sectors. Nearly 70 per cent of its customers feature in the Forbes 500 International List, including Shell, Philips, Unilever, Cadbury Schweppes and HBOS plc. The company's award-winning software, the KALIDO Dynamic Information Warehouse, is an application for the creation, management and global coordination of data warehouses. The application can provide consistent management information in even the most complex multinational enterprise as, unlike traditional data warehousing, it assumes that the business model is always changing.
The KALIDO software is currently deployed in over 30 major projects and is in production use in over 100 countries. It was originally developed within Shell in the mid 1990s and then brought to the world stage through the launch of Kalido in 2001.
Andy Hayler, the founder of Kalido, who continues as its chief strategist, noted: "This is the next logical step in the long-term business plan for the successful evolution of Kalido. We will continue to focus on the needs of our rapidly expanding customer base, while retaining Shell as a very significant customer."
In a related announcement Kalido introduced Bob Potter as chief executive officer. Potter, 49, joins the executive team with full responsibility for running the company and driving the international growth strategy highlighted in the company's funding news announcement made separately today. Formerly of IONA Technologies, Potter has a long-standing track record of growing and establishing enterprise software companies as market leaders, and providing strategic leadership around sales, marketing, messaging, alliances/partnerships and support. He has held leadership positions in both publicly traded companies as well as venture backed start-ups, serving as a critical member of each company's international growth and leadership.
At IONA, Potter served as executive vice president of business operations, with global responsibility for sales, marketing, professional services and channel/alliances. He was the key driver behind the company's growth from a US$80 million niche CORBA solution into a $180 million global enterprise integration solutions provider with over 4,500 customers worldwide.
Previously, Potter spent seven years at Object Design Incorporated (ODI), where he was chartered with the ground-up growth of the company's customers, revenue and market presence. He managed and led direct sales, channels/alliances, technical support, professional services, international marketing and field operations. Inc Magazine and the Inc 500 named ODI as the number one fastest growing private company in the United States in 1994.
Potter was also critical in driving ODI's successful IPO in 1996. As well as being one of the senior drivers behind the launch and positioning of ODI as the world's leading object database provider, he set up a number of global subsidiaries and strategic partnerships. Subsequently ODI achieved a revenue growth from US$ 1 million to $60 million, attracting a Top 100 software company ranking.
Potter succeeds Andy Hayler, founder and former CEO of Kalido. Hayler, who received the Red Herring Top Ten Innovators award in 2002, will remain with the company's executive management team as chief strategist.
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