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Posts Tagged ‘company’
Great Job Opportunities at eXo
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eXo Funding – Seen on the Web
Monday, March 15th, 2010Nothing generates press quite like announcing that you’ve been given $6 million in VC funding! We were excited to see so much support for eXo in the form of articles and blogs around the US and Europe. Here’s a quick recap of some of the coverage:
In the US:
From France and Europe:
The original press release can be read here: “eXo Accelerates U.S. Operations with $6 Million Series A Financing”.
Never Say Never: VC Money, and What It Means for eXo
Tuesday, March 9th, 2010I would like to thank all the people that have sent us email or tweets to congratulate us about our fund-raising, we do appreciate all the support.
The more I think about it though, raising money is not an achievement in and of itself; it is just another step forward, allowing us to grow faster. This important milestone is simply the result of hard work, passion and perseverance. Getting the financial investment today is great validation of our vision, but it is not the reason that our product has grown to be so great and that our team is so talented. In fact, I am not “happy” and thinking it’s time to relax or celebrate. I’m satisfied by the work done, that the negotiation went very well for us and our existing shareholders, and that the long administrative process is over. But now it’s time to move on, and work even harder.
It has been 6 years and 4 months since I founded eXo. I was finishing my studies when some engineers from the US Department of Defense saw our code on SourceForge and asked us to provide services; we were the first guys to have a JSR 168 implementation. That consulting gig was a lot of money, and even more when they purchased the support. In other words, the DoD was our angel investor, but with no equity! Yet none of us considered walking away and using our profit to buy something nice for ourselves – we reinvested it all. And the culture of eXo is still rooted in that today.
Having a single product and a single customer is not what you should plan, but that is how we started. Having 95% of your total staff being engineers is not common either, but that is why eXo is different. We have grown on our strengths with only one goal: customer satisfaction. We built out our features and product line because our customers demanded it, never because it was trendy. We did not want to do direct sales, hence we relied on partners. We did not want to be “only” a consulting company, hence we relied on integrators. We have always tried to focus on our core competencies, and this has proven to be a good strategy.
Today, we have a unique integrated platform that has no competitor in the Java world, being distributed by a large number of partners, including Red Hat. Again, this is only the result of hard work and perseverance, a set of values every eXo employee shares. I will make sure that raising money won’t change that. We are not done yet.
We have spent 6 years building a profitable bootstrapped company that now employs more than 120 employees in 5 countries. I never planned to raise money; in fact I was against it (note to my psychoanalyst, having a father that used to be a VC is not the reason). I moved myself and my family to the US to make sure that the new deal we had with Red Hat would be a success. I realized there that what we did was big, that the demand is high, that we needed to move fast.
Thanks to Sacha Labourey, I was introduced to Bob Bickel (new eXo Chairman of the board of directors). With their help, we adapted the messaging for the US market – and we realized, we’re onto something huge. This is an opportunity that we can’t afford to miss. We have to execute and we have to do it quickly.
That’s when we decided to raise money. And frankly getting a term sheet was not difficult, and we had a choice between VC’s in the US and in Europe. We decided to raise in Europe for a couple of simple reasons: that’s where we have our roots and where we have known the VCs for some time, and of course the strength of the Euro. Although money is only a part of the equation, trust is another. We are happy to have a great deal from people we like to work with.
My parents always told me that “you don’t need to tell people you are the best, just be the best and they will know.” I think this company takes that work ethic to heart. We don’t stop to give ourselves praise or parade our accomplishments, we just keep doing what we do best – working hard.
eXo opens its first U.S. Office and introduces its Board of Advisors
Wednesday, October 7th, 2009SAN FRANCISCO, Calif. (Oct. 6, 2009) – In response to growing demand in North America, eXo Platform today opened its first U.S. office and announced a Board of Advisors stacked with software industry luminaries. This move comes on the heels of a partnership with Red Hat enabling eXo to deliver its open source collaboration software to the North American market. Developed in partnership with many of Europe’s largest companies — including Generali, Société Générale and Orange — eXo’s software is designed, built and proven in large production deployments for Global 2000 enterprise companies. Enterprises in North America can now extend the value and cost savings of their open source infrastructure to applications and content services with eXo.
eXo founder and CEO Benjamin Mestrallet has relocated from France to run operations from the firm’s new San Francisco office. Mestrallet will have on hand a team of experienced advisors who have proven track records in managing growth, shaping strong leadership and building valuation for young companies. From the Board of Advisors:
- Bob Bickel, co-founder of Bluestone Software, former head of Hewlett-Packard Middleware and, most recently, head of strategy at JBoss and board advisor to Hyperic (acquired by SpringSource), JasperSoft and Funambol, among others;
“eXo has the proven technology, talent and market potential that I look for when considering which companies I’d like be involved with at a strategic level,” noted Bickel. “While enterprise companies have benefited from a wide range of open source options at the operating system and middleware level and with development tools, choices in applications and content services have been limited. This is the next significant opportunity for driving out costs in the enterprise. Given its pioneering history and its successes with large European customers, eXo is primed to lead this charge in North America. I look forward to working with Benjamin and his team to make this happen.”
- Edwin Khodabakchian, co-founder of Feedly.org, and former Oracle vice president of product development and CTO of eCommerce at AOL;
“Benjamin is a smart, dynamic leader who has built up a lean but global company the old fashioned way — with solid technology, hard work and a disciplined eye on the bottom line,” said Khodabakchian. “I believe eXo has a bright future ahead of it and I am honored to have a part in shaping this.”
- Sacha Labourey, most recently co-GM of Red Hat’s JBoss Middleware business and former CTO and European GM of JBoss, Inc.
Labourey, who participated in negotiations on the eXo/Red Hat partnership before stepping down as JBoss co-GM, commented: “eXo is proof that a strong focus on engineering excellence can result in superior products. In the last year, I have come to know firsthand what eXo brings to the market and am consistently impressed by the breadth of its vision and the team’s ability to execute.”
In 2002, eXo delivered the industry’s first Java portlet container, which set in motion a leveling of the playing field in the portal market. This also attracted the attention of the U.S. Department of Defense, who went on to help fund the development of the eXo Portal, which is now merged into the new JBoss GateIn portal project. eXo continues to sell a broad portfolio of open source collaborative software that has been developed through R&D investment from its customers, which rank among the largest enterprises and savviest government agencies in the world.
One of Mestrallet’s first stops in the U.S. will be at the Enterprise 2.0 Conference in San Francisco, Calif., where he will share some of the innovations eXo Platform is experimenting with in its labs. See the conference agenda at: http://www.e2conf.com/sanfrancisco/.
The press talks about eXo Platform
Monday, July 7th, 2008Last Review of press articles :
| JournalDuNet.com : | eXo Platform/eXo CS 1.0 : Une suite collaborative intégrée |
| NetEco.com : | eXo Platform lance eXo Collaboration Suite 1.0 |
| TooLinux.com : | Une suite collaborative AJAX pour eXo WebOS |
| ITRmanager.com : | eXo Platform dévoile eXo Collaboration Suite 1.0 |
| Boursier.com : | eXo Platform : Nomination de Tugdual Grall |
To read more articles and eXo Platform press releases, please visite our “Press Releases” page