Tim Ventures, the Telecom Italia Group company created to invest in new companies in the digital world, has completed its entry into the share capital of startup ClouDesire.com, with a total investment of 600.000 euros.
ClouDesire, explains a note from Tim, “is a platform that revolutionizes the way web applications are distributed and sold in the cloud. In fact, the solution allows all software producers to bring their applications to the cloud and commercialize them in a few minutes and at reduced costs, making them available on any cloud the end customer chooses, with simplified management of pre- and post-sales activities that allows to keep the applications always up-to-date and functional”.
The startup was awarded in 2013 by TIM #Wcap, the business accelerator of the Telecom Italia Group.
Mario Di Mauro, Strategy & Innovation Director of the Telecom Italia Group and Chief Executive Officer of TIM Ventures declared “TIM Ventures completes another important investment in one of the most innovative startups of recent years. Recognized and award-winning even abroad, ClouDesire facilitates the adoption of the cloud, enabling new business models for SMEs in every sector and geography. To date, there are 11 digital companies in which TIM Ventures has directly invested in about a year of activity".
Eddy Fioretti, CEO of ClouDesire, recalled that "TIM Ventures' entry into the share capital of ClouDesire strengthens the collaboration that has already been in place for some time with the Telecom Italia Group and confirms the solidity of our team and the platform with which we already serve several customers , even outside Italy. Thanks to this important investment, we will be able to grow faster internationally, expanding our offer to a much wider market".
