Following news last moth that George Coelho, co-founder of venture capital technology investor Balderton Capital, had joined renewables investment firm Good Energies as managing director and head of venture capital, Balderton is refreshing its team. Now Bernard Liautaud, the founder of Business Objects, will join the firm as a General Partner. In January 2008, Business Objects was acquired by SAP AG for $6.7 billion, making it the third largest ever software acquisition at the time.

Based in London, Balderton manages approximately $1.5 billion in committed venture capital. Notable investments include Bebo, (the social networking site, which was recently sold to AOL for $850m), Betfair (the online betting exchange), Codemasters (the video games publisher), MySQL (the open-source database business, recently sold to Sun for $1 billion) and Setanta Sports (the leading European sports broadcaster).