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Zimory Raises $20 Million

Zimory and Deutsche Boerse figure they’re set to revolutionize the market for cloud computing resources

Zimory, a Berlin cloud management start-up, has secured $20 million in funding led by its newest investor Deutsche Boerse. Existing investors Creathor Venture, High-Tech Gruenderfonds (HTGF), IBB Beteiligungsgesellschaft (IBB), KFW and T-Venture also kicked in.

Zimory, which has previously seen $5.5 million in venture funding, means to use the new money to expand internationally and develop its vendor-neutral management platform for the cloud services marketplace further.

The recently announced cloud services marketplace, Deutsche Boerse Cloud Exchange, is the world's first vendor-independent exchange for cloud computing capacities. It will enable IT resources to be traded like securities and energy, electronically, in seconds.

Zimory and Deutsche Boerse figure they're set to revolutionize the market for cloud computing resources.

Maximilian Ahrens, the newly appointed CTO of the Deutsche Boerse Cloud Exchange, said, "Zimory's neutral trading IaaS orchestration software is enabling the Deutsche Boerse Cloud Exchange to change the way cloud computing infrastructure resources are sold and used. The global distribution of virtual data center services will become much easier with standards. Deutsche Boerse Cloud Exchange will set standards for the whole industry, and Zimory will become integral part of these standards."

Zimory's open and intuitive Cloud Brokerage interface, which has been aligned with the TM Forum's Information Framework, is meant to be used by global purchasers of cloud compute and storage services.

Zimory CEO Ruediger Baumann said, "In the last year, we quadrupled revenues, created a US subsidiary and made significant enhancements to our product suite. The funding will enable us to address the strong demand for Zimory's cloud management software by continuing to expand our resources and accelerate our sales, marketing and product development initiatives. Together with Deutsche Boerse Cloud Exchange and our investors, Zimory will become one of the world's cloud leaders for business."

Founded in 2007, Zimory provides carrier-grade cloud infrastructure management software that lets service providers, enterprises and cloud brokers leverage the power and elasticity of cloud computing. Its Cloud Suite simplifies, automates and expedites the creation, launch and management of all types of cloud environments - whether public, private, virtual private or hybrid.

Zimory has development centers in Erfurt, Germany and Minsk, Belarus and a subsidiary office in New York City.

More Stories By Maureen O'Gara

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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