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Jaspersoft Picks Up Another $11 Million

It's already seen at least $32.5 million, with the last VC infusion maybe being a $12.5 million E round
By Maureen O'Gara
Article Rating:
July 18, 2011 04:45 AM EDT
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 1,033

Jaspersoft, the open source BI house, has gotten $11 million in new "strategic" capital financing.

It's coming from existing investors Red Hat, SAP Ventures and new investor Quest Software, along with the participation of all its existing major investors including Doll Capital Management, Morgenthaler Ventures, Partech International, Scale Venture Partners and Adams Street Partners.

Jaspersoft's already seen at least $32.5 million, with the last VC infusion maybe being a $12.5 million E round; it never did say.

The money is evidently supposed fuel its "aggressive" product roadmap, global expansion and potential strategic acquisitions.

CEO Brian Gentile said, "The additional financing provides us with more agility and flexibility as we consider build vs. buy opportunities to accelerate our growth in embedded, self-service and mobile BI."

The current Jaspersoft 4 BI Suite is supposed to be one of the most widely used BI software suites in the world, built for the "most demanding business intelligence requirements." It includes capabilities such as data integration, OLAP analysis and audit logging as well as native big data access and cloud/multi-tenant SaaS deployment widgetry.

Published July 18, 2011 – Reads 1,033
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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