Transaction
InterCloud raises €4m
Date
October, 2014
Sectors
SaaS, Telecom
Deal type
Private Placement
Deal locations
France
Deal Team
_JPG.avif)
Sandrine
Vergnory-Mion
M&A Advisory
Background
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Founded in 2010, InterCloud is a disruptive solution provider for the optimization of cloud services offering a specialized Cloud Delivery Network that addresses the need of corporate clients connected to Cloud Services (IaaS, SaaS, PaaS).
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CapHorn Invest is a French venture fund with the backing of a large network of private investors committed to boost the commercial growth of high potential SMEs by bringing managerial and commercial leverage. With EUR 50 M under management, Cap Horn Invest already invested in nine companies.
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Ventech is a French venture fund focusing on disruptive innovation in the digital economy, investing from their fourth fund (EUR 75 M) in France, Germany, Russia, and China. Ventech invested in more than 60 companies.
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Riverbed is the leader in Application Performance Infrastructure, delivering the most complete platform for Location-Independent Computing. Quoted on the NASDAQ, it has a market capitalization of USD 2.8 B and generated over one billion dollars of revenue over the last 12 months.
Process
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InterCloud leverages the outstanding growth rates of the $37 Billion global Public Cloud computing market. The triple-digit fast growth company has several tier-one client references with a very innovative business model in partnership with key cloud application providers (Amazon, SaaS, etc.) experiencing double-digit monthly growth.
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This investment will enable InterCloud to boost its international go-to-market while at the same time extend further its network infrastructure
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Riverbed’s investment is combined with a strategic commercial partnership with InterCloud. As part of this partnership with Riverbed, InterCloud will provide a completely new and unique “Application Performance-as-a-Service” offering to Riverbed’s clients.