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 Jérôme 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.
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 Crédit Agricole Private Equity
Crédit Agricole Private Equity, an AMF-authorised investment management company and wholly-owned subsidiary of Crédit Agricole S.A., specialises in direct private equity investment in unlisted companies. A multi-specialist, Crédit 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). Crédit Agricole Private Equity supports entrepreneurs in their expansion plans.
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 MA companies, MA International Inc. ( http://www.mergers.net).