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Nuxeo secures USD20m investment from Goldman Sachs

Nuxeo, developer of an Enterprise Content Management (ECM) platform which enables organisations to manage complex digital content at massive scale, has secured a USD20 million investment from Goldman Sachs.

This adds to the USD10 million commitment by Kennet Partners, announced in June. 
Some of the investment will be used to fuel the continued development of Nuxeo’s 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,” says 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 capitalise on this significant market opportunity.”
Nuxeo has 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.
The increased investment will also enable Nuxeo to 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,” says Resch. “With this new investment, Nuxeo is strategically positioned to capitalise on this opportunity by accelerating innovation and further building its impressive roster of customers across a large and diverse set of markets.”

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