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.
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