Financial giant Deutsche Boerse backs cloud startup Zimory

German financial services heavyweight Deutsche Boerse has invested in Berlin-based cloud management startup Zimory, the companies announced on Monday. The support from the financial marketplace and transaction organizer that runs the Frankfurt Stock Exchange, among other things, was part of a $20 million round that Zimory raised, which also included investment from Creathor Venture, High-Tech Gruenderfonds, IBB Beteiligungsgesellschaft, KFW and T-Venture.
This isn’t the first relationship between Zimory and Deutsche Boerse. Deutsche Boerse is using Zimory’s infrastructure-as-a-service (IaaS) cloud management software to launch a global, vendor-neutral marketplace for compute and storage capacity in 2014. The companies are looking at the exchange as a joint venture. Deutsche Boerse is targeting corporate and medium-to-large enterprise companies, as well as organizations from the public sector.
The idea of the Deutsche Boerse Cloud Exchange is to make it as easy to trade IaaS capacity as it is to trade energy or securities. Zimory CEO Rüdiger Baumann described the exchange last week to us as: “a marketplace where all providers of compute and storage capacity could show their available services and capacities in product groups, in a standardized way.”
Baumann, who will speak at our Structure:Europe conference in London in September, said in a release that over the last year Zimory has “quadrupled its revenues.” The Deutsche Boerse Cloud Exchange will begin operations in Frankfurt and New York in Spring of next year, and then add Singapore for the Asian market another half year later.
Deutsche Telekom’s T-Systems division is lined up to offer its cloud services via the exchange. T-Venture, Deutsche Telekom’s venture arm, also signed on as an investor in Zimory.
Check out Baumann’s discussion of cloud compute exchanges at last year’s Structure Europe event below:
[protected-iframe id=”cfc813129874844875bb4b5dd529f68e-14960843-26974994″ info=”″ width=”640″ height=”360″ frameborder=”0″ scrolling=”no”]