Open source integration software vendor Talend has gone against the trend. In what has been seen as a tough market for IPOs, Talend had a strong IPO. It opened trading on the Nasdaq exchange under the ticker TLND at $27.66 after pricing its IPO at $18 and raising $94.5 million.

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Talend’s Offerings

Talend is a French company with its headquarters in Redwood City, Calif. It was founded in 2006 by Fabric Bonan and Bertrand Diard, the founder of data analytics company Business Objects. It sells software that helps organizations organize their existing databases and information resource. Its data platform Talend Data Fabric and open source approach simplifies the development process, reduces the learning curve, and decreases total cost of ownership to realize the full business potential of data faster.

Its products cater to all integration needs ranging from cloud integration, application integration to data integration. It has more than 1,300 customers, including Air France, Citi, Sony, and General Electric. Maintaining this client base and attracting large new corporate clients was the part of the reason Talend chose to go public.

It currently has more than 120 close partners including Cloudera, Hortonworks, MapR, Amazon Web Services, Accenture, and Capgemini. It recently introduced the commercial version of Talend Data Preparation, a governed self-service solution for accelerating data usage and collaboration.

Talend’s Financials

Talend recently reported second quarter results that beat revenue and earnings forecasts. Second quarter revenue was $25.4 million, up 38% over the year and exceeding analyst estimates of $24.4 million. International Financial Reporting Standards (IFRS )net loss was $8.1 million compared to IFRS net loss of $4.3 million a year ago. Non-IFRS net loss per diluted share was $1.84 compared with $0.97 per diluted share a year ago. Its pro-forma non-IFRS net loss was $0.31 per share, beating analyst estimates of $0.34.