Cloud technology firm wins £4m of PE funding

CHESHIRE-based integrated cloud technology company Matillion has received £4m of investment from Leeds private equity firm YFM Equity Partners.

YFM’s funding includes investment from its 2015 YFMEP LP Fund, which co-invested alongside YFM’s advised VCTs.

Founded in 2011, Knutsford-headquartered Matillion builds disruptive software which helps companies with structured data integration to the cloud.

An Amazon Web Services (AWS) advanced technology partner, Matillion is one of Amazon’s few AWS Big Data Competency holders worldwide.  

Its two key products include a data integration platform that has a rapidly growing portfolio of Fortune 500 and “Born-On-The-Cloud” “tech” customers, as well as a SaaS offering, delivering powerful business intelligence and easy-to-use self-service reporting for customers across the UK, United States and the Europe, Midde East and Africa regions.
    
As part of its investment, YFM has introduced Pieter Knook as a non-executive chairman who brings a wealth of technical and commercial expertise.  

Knook spent 18 years at Microsoft, becoming one of the top 25 executives and was a member of a number of Boards at Vodafone and holds several non-executive and chairman positions.
 
He is joined by non-executive director Brian Gentile, whose career also spans leading technology companies, including NCR Corporation, Apple, Sun Microsystems (now Oracle) Jaspersoft and TIBCO Software.

Matillion opened its first international office in New York last month. The company will continue to be led by experienced industry professionals Matthew Scullion, Peter McCord, Ed Thompson and Kristian Everard.
 
Scullion said: “YFM was unique amongst the private equity firms we met in understanding the immense opportunities that stem from delivering cutting-edge structured data integration capabilities for the growing number of businesses, large and small, that are exploiting cloud-based database technology.”

Deborah Heyes, investment director at YFM, said: “Matillion has a great opportunity to capitalise on the push to migrate data and systems to the cloud.

“Its data integration platform is 100 times faster and easier to use than traditional ETL technology. We have been impressed by the team’s commitment to becoming the de-facto choice for unlocking the power of cloud-based databases and are excited to back their future growth plans.”