Goldman Sachs Invests to Drive Global Expansion for Content and Digital Asset Management Platform
New York, September 7, 2016 - Nuxeo, developer of a leading Enterprise Content Management (ECM) platform which enables organizations to manage complex digital content at massive scale, today announced that Goldman Sachs has made a $20 million investment in the company. 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 fuel the continued development of Nuxeo’s market leading content and digital asset management platform and expand sales and marketing capacity throughout North America, Europe and Asia.
“Today’s enterprises face increasing content and digital asset management challenges, especially when it comes to the increasing complexity, volume and diversity of digital content and its delivery channels,” said Eric Barroca, CEO, Nuxeo. “At Nuxeo, we’re delivering consistent innovation to address these challenges with the flexible, high-performance platform today’s enterprises need to manage growing volumes of complex digital content. With this additional investment from Goldman Sachs we will further accelerate our technical leadership while fortifying our global sales, support and marketing operations to capitalize on this significant market opportunity."
Nuxeo has already demonstrated a significant technology lead, with cloud-scale performance, a native NoSQL persistence engine and advanced analytics. With this investment the company 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. This increased investment will also enable Nuxeo to rapidly invest in its sales and customer service capacity in North America while building a greater business presence in Northern Europe and Japan.
Christian Resch at Goldman Sachs Private Capital, will join the Nuxeo board.
“With its growing complexity enterprises find it increasingly challenging to effectively use and manage digital assets,” said Christian Resch. “With this new investment, Nuxeo is strategically positioned to capitalize on this opportunity by accelerating innovation and further building its impressive roster of customers across a large and diverse set of markets.”
Nuxeo provides an extensible and modular Enterprise Content Management Platform enabling architects and developers to easily build and run business applications. The Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities for Document Management, Digital Asset Management and Case Management applications. Over 1,000 organizations rely on Nuxeo to run business-critical applications, including TBWA, Electronic Arts, Verizon, Sharp, Capital One, and the U.S. Navy]1. Nuxeo is headquartered in New York and Paris. More information is available at www.nuxeo.com.
About Goldman Sachs Private Capital Investing
Goldman Sachs Private Capital Investing (“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.