| 2016-01-20 |
| Claridge Israel Leads Gigaspaces' $20m Financing Round |
| Gigaspaces Technologies announced today that it has completed a $20m investment round. The investment round was
led by Claridge Israel, the Claridge Inc./Stephen R. Bronfman Family Office and la Caisse de dépôt et placement du
Québec (CDPQ) partnership that is focused on growth opportunities that possess a technological advantage. The
remaining portion of the financing, was provided for by existing Gigaspaces shareholders including BRM, FTV and
Intel Capital.
GigaSpaces Technologies provides pure-play cloud orchestration and data scalability platforms in the cloud
environment. Funds raised are to be used towards continued product innovation, accelerating global awareness and
adoption of GigaSpaces' products, and expansion of its sales organization worldwide in the area of hybrid cloud,
NFV and real-time analytics.
Hundreds of Tier-1 organizations worldwide are using GigaSpaces' flagship products Cloudify and XAP, in a broad
array of industries. The company achieved significant milestones in 2015, including the highest revenue since its
inception.
Claridge Israel's two partners, the Bronfman family's Claridge Inc. and CDPQ (one of Canada's largest
institutional investors) have invested in Israel in the past (the Bronfman family has invested over $800m in
Israel over the last 50 years) however this is Claridge Israel's first investment since launching its activities
in the middle of 2015. Claridge Israel is also currently in different stages of discussion with several other
Israeli growth companies.
Oded Tal, Claridge Israel's Managing Director added: "Gigaspaces very much fits our investment strategy. It is a
company with a solid, existing businesses, quality customers, a technological advantage, and is well positioned to
pursue substantial growth opportunities. We also hope that this fundraise will allow it to leverage its
capabilities and expand its business in a variety of areas".
Gigaspaces CEO, Zeev Bikowsky noted: "an investment from a reputable investor such as Claridge Israel serves as
additional validation to the fact that GS has developed a winning product portfolio that together with its broad
customer base and pipeline, serve as a significant growth engine in the fast growing cloud space."
About Claridge Israel: Claridge Israel is an investment firm focused on growth investments in innovative companies
with a technological advantage. The firm was initiated through a partnership between Claridge Inc., the Stephen R.
Bronfman Family Office, which has invested over $800m in Israeli companies over the last several decades, and la
Caisse de dépôt et placement du Québec (CDPQ), one of Canada's largest institutional investors, with net assets of
$240B as at June 30th, 2015.
About Gigaspaces: GigaSpaces Technologies provides pure-play cloud orchestration and data scalability platforms in
the cloud environment. Hundreds of Tier-1 organizations worldwide are leveraging GigaSpaces' technology including
top financial, telecom, Insurance and E-Commerce companies. GigaSpaces maintains offices in the US, Europe and
Asia. Back... |
|