Bernard joined Balderton as a Partner in 2008. He was named Managing Partner in 2016. Bernard Liautaud founded Business Objects in 1990 and was CEO for 15 years then Chairman until January 2008. With 6,700 employees, 45,000 customers and $1.5 billion of revenue in 2007, Business Objects was the world leader in Business Intelligence and one of the 15 largest software companies in the world. Business Objects was the first European software IPO on Nasdaq in 1994. In January 2008, Business Objects was acquired by SAP for $6.8 billion, making it the third-largest software acquisition at the time. Bernard is now a member of the Supervisory Board of SAP. He also served as a member of the Board of Trustees of Stanford University from 2013 to 2018. He is now a member of the Stanford Global Advisory Council to the President.