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Biz Objects Founder Joins Balderton Cap

Bernard Liautaud, founder and former CEO of Business Objects, has joined European VC firm Balderton Capital as a general partner.


The Partners of Balderton Capital, the leading venture capital firm, are pleased to announce that Bernard Liautaud, the founder of Business Objects, will join the firm as a General Partner on July 1.

Bernard Liautaud said: “I am excited to join Europe's premier venture capital firm. I strongly believe that there is a significant opportunity now for European entrepreneurs to build global leaders. Venture capital will play an important role in that development.

“I have been very impressed by the quality of the companies in the Balderton Capital portfolio, by the experience of the Partners and by the unique approach of the firm to help entrepreneurs build great companies. Having been an entrepreneur for over 18 years, I am really excited to be in a position to guide new talent and help fulfill their ambitions.”

As one of Europe's most successful entrepreneurs, Bernard built Business Objects into the global leader in business intelligence software and one of the top 15 software companies in the world. In January 2008, Business Objects was acquired by SAP AG for US$6.7 billion, making it the third largest ever software acquisition at the time.

Bernard is the latest key hire to Balderton Capital. He joins a highly experienced team which includes the other General Partners: Tim Bunting, Mark Evans and Barry Maloney.

Based in London, Balderton manages approximately US$1.5 billion in committed venture capital. Since 2000, Balderton has invested in over 80 companies across a wide variety of technology sectors and geographies, including Europe, the US and China. Notable investments include Bebo, (the social networking site, which was recently sold to AOL for US$850m), Betfair (the online betting exchange), Codemasters (the video games publisher), MySQL (the open-source database business, recently sold to Sun for US$1 billion) and Setanta Sports (the leading European sports broadcaster).

Barry Maloney, General Partner at Balderton Capital, said:

“Business Objects is one of Europe's greatest technology stories and we are delighted that Bernard is joining our partnership. He will be both an invaluable guide to our portfolio companies and a great addition to our team. The last six months have been an important time for Balderton. We have made three excellent exits and have invested in several new companies which we believe will bring great returns to our investors.”

About Balderton Capital

Balderton Capital is a leading venture capital firm, committed to finding and helping talented entrepreneurs build great companies. Balderton approaches investment using the principles of teamwork and an intense dedication to building companies of lasting value. The partners combine Silicon Valley operating and company-building experience with a keen understanding of what it takes to build successful businesses in the media and technology markets.

About Bernard Liautaud

Bernard co-founded Business Objects in 1990 and was CEO then Chairman until January 2008.

With 6,700 employees, 45,000 customers and US$1.5 billion of revenue in 2007, Business Objects was the world leader in Business Intelligence and one of the 15 largest software companies in the world. Business Objects was the first European software IPO on Nasdaq in 1994. In January 2008, in the 3rd largest software acquisition at the time, Business Objects was acquired by SAP for US$6.7 billion. Following the acquisition, Bernard is now a member of the SAP Supervisory Board.

Bernard has received a number of distinctions including “Chevalier de la Legion d'Honneur” in 2007 in France, Time Magazine Europe's Digital Top 25 and BusinessWeek Stars of Europe of 2002 and Top 10 CEOs in North America by Chief Executive Magazine in 2001.

Bernard is the author of “e-Business Intelligence: Turning Information Into Knowledge Into Profit”, translated into nine languages and sold for more than 50,000 copies worldwide.