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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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 4,155

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 4,155
Copyright © 2011 SYS-CON Media, Inc. — All Rights Reserved.
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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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Most Recent Comments
Elad Israeli 07/20/11 11:42:00 AM EDT

As far as I know, this is Jasper's F round which brings their total funds raised to 50M. A series F doesn't spell great things for a company that has been around for as long as they have.

Which begs the question - what innovation has open source BI brought to the industry? Same long projects, same complexities, same problematic value proposition.

Getting licenses for "free" (and charging tons on support instead) doesn't really change the total cost of a typical BI solution all that much.

For more: http://tinyurl.com/open-source-bi