ClouDesire receives €600k investment from TIM Ventures


ClouDesire, a cloud monetization suite that enables large and small Software Vendors to efficiently bring all of their software applications to the cloud, has received a €600k investment from TIM Venture, the Corporate Venture arm of Telecom Italia Group.

The software market is experiencing unprecedented changes mainly due to the Cloud Computing and SaaS (Software as a service) that have fundamentally changed the economics of the software industry. Cloudesire is a game-changing enterprise application marketplace. Cloudesire aims to open the SaaS industry to the millions of software companies worldwide, which are struggling to enter the cloud market. ClouDesire helps software vendors to easily migrate their software portfolio to the cloud and embrace new cloud-based business models with no upfront investments.

“This investment comes at the right time in ClouDesire’s growth - said Eddy Fioretti, CEO and Co-Founder of ClouDesire - and will help push forward our long-term strategy and enable us to better serve our customers, employees and the industry.”

“We at EIT Digital are proud that ClouDesire, one of the most promising companies in our funnel that we have been supporting over the last two years, has been chosen for this significant deal with TIM Ventures, in terms both of total investment and market perspectives”, comments Andrea Conti, Business Developer at EIT Digital Accelerator.

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