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Kalido Locks Up $18 Million in Funding

Shell spin-off raises $18 million in venture capital for its advanced data-warehouse software.
Kalido Ltd., a developer of advanced data-warehouse software, has raised $18 million in venture capital as it was spun off from its parent, the Royal Dutch/Shell Group of Companies. London-based Kalido will use the funding from Atlas Venture and Benchmark Capital to finance future growth, the company said Monday.

The company also announced that Bob Potter, formerly executive VP of business operations with Iona Technologies PLC, has been named Kalido's new CEO. Founder Andy Hayler continues as Kalido's chief strategist.

Kalido's namesake data-warehouse technology, used to build and manage multiple data warehouses throughout large companies, was developed by Shell in the mid-1990s. Kalido was launched in 2001, and its software is used by Cadbury Schweppes, Philips, and Unilever, among others.