Monday, July 8, 2013

Zimory Raises $20 Million for Cloud Management

Zimory, a start-up based in Berlin, Germany, raised $20 million in venture funding for its cloud management software.

Zimory’s intelligent Cloud Suite simplifies, automates and expedites the creation, launch and management of all types of cloud environments – whether public, private, virtual private or hybrid.

The funding round was led by Deutsche Boerse and included Creathor Venture, High-Tech Gruenderfonds, IBB Beteiligungsgesellschaft, KFW and T-Venture.

"We’re delighted with Deutsche Boerse’s involvement as an investor, and as a business partner for Zimory,” said Dr. Hagen Hultzsch, Zimory’s chairman. “Zimory’s technology is a world-leading cloud product. The capital received from this financing will continue driving forward its international expansion, and building the vendor-neutral management platform for the cloud services marketplace.”

Zimory was founded in 2007.

Deutsche Börse, which operates the Frankfurt Stock Exchange, has formed a joint venture with Berlin-based Zimory GmbH to create a neutral, secure and transparent trading venue for cloud computing resources.

Deutsche Börse Cloud Exchange AG will serve enterprises, public sector agencies and also organizations such as research institutes that need addition
al storage and computing resources, or have excess capacity that they want to offer on the market.

Deutsche Börse Cloud Exchange will set and monitor standards regarding the product offering, admission procedure, changes of provider and guaranteed purchased capacity. Clients will be able to choose capacity providers freely, as well as select the jurisdiction that will apply to the outsourced data. The product offering will initially include outsourced storage capacity and computing power.  The company said it will work closely on standards with potential marketplace participants, including traditional IT vendors, national and international SMEs, and large corporations from a wide range of industries, such as CloudSigma, Devoteam, Equinix, Host Europe, Leibniz- Rechenzentrum, PROFI AG, T-Systems and TÜV-Rheinland.

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