BonitaSoft Closes $11 Million Series B Funding to Fuel Continued Worldwide Growth and Momentum
Poster: SySAdmin
Posted on September 13, 2011 at 2:07:01 AM
BonitaSoft Closes $11 Million Series B Funding to Fuel Continued Worldwide Growth and Momentum
Open source Business Process Management (BPM) leader attracts financing from Serena Capital and existing investors as demand for an affordable, easy-to-use and powerful solution soars
SAN FRANCISCO, September 13, 2011/PRNewswire/ --
BonitaSoft, the leader in open source business process management (BPM),
announced today it has secured $11 million in a Series B round of financing
led by venture capital firm Serena Capital, which was founded by successful
Silicon Valley entrepreneurs. The new funding round also included
participation from the company's existing investors Ventech, based in Paris
and Beijing, and Auriga Partners. BonitaSoft will use the new funding to
accelerate product development and support broader international corporate
expansion.
Recognized by Gartner as the only open source BPMS (Business Process
Management Suite), BonitaSoft is disrupting the enterprise BPMS segment
traditionally dominated by proprietary software vendors such as IBM
Lombardi, Pegasystems, Oracle, and Tibco. "We continue to take marketshare
and existing customers away from the established proprietary players," says
BonitaSoft CEO Miguel Valdes Faura.
"Today's announcement is a testament to the value of BonitaSoft's
mission to democratize BPM," continues Valdes Faura. "Our flexible,
affordable BPMS bridges the communication and collaboration gap between
business and technical audiences to enable users throughout an organization
to realize the benefits from deploying BPM."
Particularly in these challenging economic times, organizations of all
sizes are seeking ways to minimize costs and maximize value without
sacrificing on expectations around the performance, functionality, and
benefits of their business process deployments. BonitaSoft has greatly
benefited from the climate of these times, joining the likes of commercial
open source vendors Red Hat / JBoss, MySQL, SpringSource, and Talend in
changing the economics of an established software category to become a
leading player in its own right.
"While the market opportunity for BPM is strong, cost, interoperability
with corporate systems, and efficiency are key barriers for many
organizations," said Xavier Lorphelin, Managing Partner at Serena Capital.
"With the right approach and a strong management team, BonitaSoft breaks
down these barriers, making it cost-effective and easy for companies of all
sizes and industries to leverage BPM."
"We're excited to be part of this second round of strategic financing,"
said Claire Houry, General Partner at Ventech. "BonitaSoft is creating real
value for its customers in delivering critical components to make BPM
successful. With our continued support, BonitaSoft will continue paving the
way in open source BPM."
"Understanding the needs of both business and technical users,
BonitaSoft is well poised to take advantage of the burgeoning opportunity
with a wider audience of business users that are in need of affordable and
flexible BPM," said M. Philippe Granger, partner at Auriga Partners. "This
new financing will help accelerate the company's ability to further lead the
open source BPM market."
The BonitaSoft suite includes an innovative design studio to create
processes, a powerful BPM engine that can adapt to various information
systems architectures, and a friendly end-user interface for managing and
interacting with processes. With a single click, users can turn processes
into business applications based upon the underlying business process model.
Very importantly, the solution is flexible enough to interoperate with
internal and external systems thanks to the library of hundreds of
Connectors and vibrant community of 8,000 members who also contribute
connectors, business processes and other extensions.
Additional Resources
- Download [http://www.bonitasoft.com ] Bonita Open Solution &
BonitaSoft White Papers
- Follow [http://twitter.com/bonitasoft ] @BonitaSoft on Twitter
- Read [http://www.bonitasoft.com/blog ] BonitaSoft Blog
About BonitaSoft
BonitaSoft democratizes business process management (BPM) by bringing
powerful, easy-to-integrate, and user-friendly, open source BPM to
organizations of all sizes and industries. BonitaSoft and its open source
community deliver an unmatched ecosystem of connectors for nearly any
application and system. With the BonitaSoft suite, organizations can model,
automate and optimize process workflows in Finance, Human Resources, Sales,
Marketing, Supply Chain, E-Government, and more, according to their
respective business or technical roles. The fastest-growing BPM provider,
BonitaSoft has more than 800,000 downloads, 180 customers and 8,000
community members.
Source: BonitaSoft
Media Contact: Leslie Johnson, LEWIS Pulse for BonitaSoft, +1-415-875-7494, Leslie.johnson@lewispulse.com
Open source Business Process Management (BPM) leader attracts financing from Serena Capital and existing investors as demand for an affordable, easy-to-use and powerful solution soars
SAN FRANCISCO, September 13, 2011/PRNewswire/ --
BonitaSoft, the leader in open source business process management (BPM),
announced today it has secured $11 million in a Series B round of financing
led by venture capital firm Serena Capital, which was founded by successful
Silicon Valley entrepreneurs. The new funding round also included
participation from the company's existing investors Ventech, based in Paris
and Beijing, and Auriga Partners. BonitaSoft will use the new funding to
accelerate product development and support broader international corporate
expansion.
Recognized by Gartner as the only open source BPMS (Business Process
Management Suite), BonitaSoft is disrupting the enterprise BPMS segment
traditionally dominated by proprietary software vendors such as IBM
Lombardi, Pegasystems, Oracle, and Tibco. "We continue to take marketshare
and existing customers away from the established proprietary players," says
BonitaSoft CEO Miguel Valdes Faura.
"Today's announcement is a testament to the value of BonitaSoft's
mission to democratize BPM," continues Valdes Faura. "Our flexible,
affordable BPMS bridges the communication and collaboration gap between
business and technical audiences to enable users throughout an organization
to realize the benefits from deploying BPM."
Particularly in these challenging economic times, organizations of all
sizes are seeking ways to minimize costs and maximize value without
sacrificing on expectations around the performance, functionality, and
benefits of their business process deployments. BonitaSoft has greatly
benefited from the climate of these times, joining the likes of commercial
open source vendors Red Hat / JBoss, MySQL, SpringSource, and Talend in
changing the economics of an established software category to become a
leading player in its own right.
"While the market opportunity for BPM is strong, cost, interoperability
with corporate systems, and efficiency are key barriers for many
organizations," said Xavier Lorphelin, Managing Partner at Serena Capital.
"With the right approach and a strong management team, BonitaSoft breaks
down these barriers, making it cost-effective and easy for companies of all
sizes and industries to leverage BPM."
"We're excited to be part of this second round of strategic financing,"
said Claire Houry, General Partner at Ventech. "BonitaSoft is creating real
value for its customers in delivering critical components to make BPM
successful. With our continued support, BonitaSoft will continue paving the
way in open source BPM."
"Understanding the needs of both business and technical users,
BonitaSoft is well poised to take advantage of the burgeoning opportunity
with a wider audience of business users that are in need of affordable and
flexible BPM," said M. Philippe Granger, partner at Auriga Partners. "This
new financing will help accelerate the company's ability to further lead the
open source BPM market."
The BonitaSoft suite includes an innovative design studio to create
processes, a powerful BPM engine that can adapt to various information
systems architectures, and a friendly end-user interface for managing and
interacting with processes. With a single click, users can turn processes
into business applications based upon the underlying business process model.
Very importantly, the solution is flexible enough to interoperate with
internal and external systems thanks to the library of hundreds of
Connectors and vibrant community of 8,000 members who also contribute
connectors, business processes and other extensions.
Additional Resources
- Download [http://www.bonitasoft.com ] Bonita Open Solution &
BonitaSoft White Papers
- Follow [http://twitter.com/bonitasoft ] @BonitaSoft on Twitter
- Read [http://www.bonitasoft.com/blog ] BonitaSoft Blog
About BonitaSoft
BonitaSoft democratizes business process management (BPM) by bringing
powerful, easy-to-integrate, and user-friendly, open source BPM to
organizations of all sizes and industries. BonitaSoft and its open source
community deliver an unmatched ecosystem of connectors for nearly any
application and system. With the BonitaSoft suite, organizations can model,
automate and optimize process workflows in Finance, Human Resources, Sales,
Marketing, Supply Chain, E-Government, and more, according to their
respective business or technical roles. The fastest-growing BPM provider,
BonitaSoft has more than 800,000 downloads, 180 customers and 8,000
community members.
Source: BonitaSoft
Media Contact: Leslie Johnson, LEWIS Pulse for BonitaSoft, +1-415-875-7494, Leslie.johnson@lewispulse.com