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eNovance Gets Backing

The money is earmarked to support eNovance’s strategic priorities including growing its internal team and R&D

Paris-based open source cloud computing company eNovance, the world's seventh-largest contributor to the OpenStack initiative, has gotten a $7.78 million investment from Entrepreneur Venture, BNP Paribas, Oséo and its long-time backer Odyssée Venture.

The money is earmarked to support eNovance's strategic priorities including growing its internal team - expanding its operations throughout North America - R&D, internationalization through increased access to US and Asian markets and targeted strategic acquisitions.

It figures the round confirms its business model and growth potential, putting it "squarely among the few credible players on the market."

The start-up has also hired Philippe Thériault as chief commercial officer for North America who will be stationed in its Montreal offices, where eNovance expects to hire, making it the "nerve center" of its North American operations.

Currently eNovance has nearly 200 clients including CloudWatt, Chronopost, Canal Plus, Warner, Ray-Ban, Publicis, Safran, OnMobile and Louis Vuitton in North America.

eNovance says it intends to deploy its expertise internationally in all areas of open source cloud technology. Its goal is to become an international benchmark in the field of open source cloud technology and, by 2014, achieve a critical mass, with 150 people devoted to cloud computing in Europe, North America and Asia.

Novance delivers services in integrating and operating public and private open source clouds and 24/7 managed services for the world's largest public clouds such as AWS and Google Compute Engine.

It's the only European company on the OpenStack Foundation's board alongside Rackspace, Red Hat, Cisco and HP.

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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