Ulteo secures new business angel funding

IntroUlteo, the company behind the open source Open Virtual Desktop (OVD) and leader in unified Windows and Linux application delivery announced today that it has closed the latest round of business funding from a group of European angel investors. This latest funding will drive the next phase of growth for the company and its goal to become a leader in cloud computing platforms for applications and desktops. Thierry Koehrlen CEO and co-founder, commented, “I am excited and honoured to gain the support of key industry executives. Their investment and involvement is testimony to the potential they see for Ulteo as a player in cloud application delivery." Most notably the funding has attracted executive support from key individuals within leading industry vendors. They bring with them broad domain experience across telecommunications, distribution, enterprise sales and marketing that will assist us in our transition from a tech start up to a fully commercial software vendor. I believe this will further accelerate the sector towards being a commodity market,” said Koehrlen. "There are significant opportunities for Ulteo, with the OVD platform customers now have an alternative to existing proprietary solutions. This, coupled with a subscription-based pricing model, addresses critical needs of managed service providers and enterprises of all sizes," said Niklas Lindberg, former director of systems integrator sales for Citrix in EMEA. Frederic Tourisseau, a former VP at both Citrix and VMware, commented, "I support the simple, open, modular and cost effective approach that Ulteo is taking. Organisations building a cloud strategy require an application delivery platform with these attributes and I see Ulteo as a strong partner. I also believe they have the potential to reach sectors of the existing market that other vendors, such as Citrix and VMware, can't while remaining complementary to their offerings."

About Ulteo

At Ulteo our vision is to enable organizations to connect their employees with the applications and information they need to be successful. By transforming the way applications and desktops are delivered and accessed we help streamline IT delivery while enabling new ways of working. Ulteo is a commercial open source vendor, our customers benefit from the ethos of the open source model with the security and backing of a commercial enterprise. Our mission is to deliver non-proprietary platforms built on innovation, independence and an open architecture. Ulteo employees are passionate about open source and the open source community and since 2007 have pioneered technology built upon the Open Virtual Desktop (OVD) platform. The OVD project was conceived with the goal of simplifying the work of the IT administrator by offering an easy to implement yet powerful solution that streamlines the management of legacy application delivery while embracing and aggregating cloud services. Ulteo offers the most cost efficient application delivery platform to the market today, with Ulteo OVD Community Edition (free to use) and Ulteo Premium Edition giving administrators the ability to seamlessly deliver applications or full desktop sessions to PCs, Macs, tablets, smart phones, laptops and thin clients from Windows, Linux and cloud environments. Ulteo was founded by veteran entrepreneurs Gaël Duval, CTO and co-founder of Mandriva (formerly MandrakeSoft) and Thierry Koehrlen, CEO and co-founder of intalio.com.