Nuxeo Adds $20 Million Investment from Goldman Sachs to Advance Enterprise Content Management
Goldman Sachs has made a $20 million investment in Nuxeo, a developer of an enterprise content management (ECM) platform which to help organizations manage complex digital content at massive scale. This adds to the $10 million commitment by Kennet Partners announced in June, for a total of $30 million.
Some of the investment will be used to further the development of Nuxeo’s content and digital asset management platform as well as to expand sales and marketing capacity throughout North America, Europe, and Asia.
Framing up the market issues in the ECM space, Eric Barroca, CEO, Nuxeo, said enterprises today face increasing content and digital asset management challenges, particularly in terms of the complexity, volume, and diversity of digital content and its delivery channels. With this new $20 investment, Nuxeo plans to advance its technical innovation, while also strengthening global sales, support and marketing operations to capitalize on the market opportunity, added.
According to Nuxeo, it has already demonstrated technology leadership with cloud-scale performance, a native NoSQL persistence engine, and advanced analytics. The company says it will further these advancements with more NoSQL back ends, connectors for additional big data analytics solutions and machine learning engines and enhanced mobile and cloud connectivity. Nuxeo also plans to invest in its sales and customer service capacity in North America while building a larger business presence in Northern Europe and Japan.
Christian Resch at Goldman Sachs Private Capital (PCI), will join the Nuxeo board.
Goldman Sachs PCI is Goldman Sachs’ investment platform dedicated to providing long-term capital to growth and middle-market companies throughout Europe and Israel. PCI Invests $20 to $150 million per transaction in the form of common, preferred, and structured equity.
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More information about Nuxeo is available at www.nuxeo.com.