Nuxeo, developer of an enterprise content management platform for managing complex digital content at scale, has announced that Goldman Sachs has made a $20 million investment in the company, adding to the $10 million commitment by Kennet Partners announced in June, for a total of $30 million.
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," 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 operation to capitalize on this significant market opportunity.
Designed by developers for developers, the Nuxeo Platform is a customizable and extensible content management platform for building business applications.
According to the company, it has demonstrated technology advancements with cloud-scale performance, a native NoSQL persistence engine and advanced analytics. With the new investment the company will further innovation in these areas with more NoSQL back ends, connectors for additional big data analytics solutions and machine learning engines and enhanced mobile and cloud connectivity. Nuxeo says the increased investment will also enable it to rapidly invest in its sales and customer service capacity in North America while building a greater business presence in Northern Europe and Japan.
More information is available at www.nuxeo.com.