Amadeus exits oneDrum

Amadeus stated that oneDrum, which it has provided with seed financing since 2008, will return a significant investment multiple. OneDrum employees will join Yammer, with the aim of integrating the two products.

The deal represents the first exit for the Amadeus & Angels Seed Fund, which closed at £10m in October 2006.

Company
OneDrum, based in Stirling, UK, develops enterprise collaboration software. Its main product consists of a peer-to-peer desktop application, which integrates Microsoft Office applications with Google Docs functionality.

People
Partner Alex van Someren worked on the deal for Amadeus.

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