Talend Receives $95,400,000 New Financing Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63d52a77-5b49-4be7-8633-672aea210cab - Date
7/29/2016 - Company Name
Talend - Mailing Address
5150 El Camino Real Los Altos, CA 94022 USA - Company Description
Talend (NASDAQ: TLND) revolutionized the world of data integration when it released the first version of Talend Open Studio in the second half of 2006. Talend Open Studio is primarily used for integration between operational systems, as well as for ETL (Extract, Transform, Load) for Business Intelligence and Data Warehousing, and for migration. - Website
http://www.talend.com - Transaction Type
IPO - Transaction Amount
$95,400,000 - Transaction Round
Undisclosed - Proceeds Purposes
The principal purposes of this offering are to increase our capitalization and financial flexibility, to create a public market for our stock and thereby enable access to the public equity markets for our employees and shareholders, to obtain additional capital and to increase our visibility in the marketplace. We currently intend to use the net proceeds we receive from this offering primarily for general corporate purposes, including working capital, sales and marketing activities, research and development activities, general and administrative matters and capital expenditures, and to pay the entire outstanding balance, accrued interest and prepayment fees under our credit facility with Square 1. We also may use a portion of the net proceeds from this offering to make complementary acquisitions or investments. However, we do not have agreements or commitments for any specific acquisitions or investments at this time. Our credit facility with Square 1 matures on May 29, 2017. We are re - M&A Terms
