BonitaSoft Raises $11M To Take On IBM, Oracle With Open Source BPM Solutions
BonitaSoft, a provider of open source business process management (BPM) solutions, this morning announced that it has landed $11 million in funding in a Series B round led by Serena Capital. Existing investors such as Ventech and Auriga Partners also participated.
With its open source BPM suite, BonitaSoft aims to disrupt a segment currently dominated by vendors such as IBM Lombardi, Oracle, and Tibco.
The BonitaSoft suite includes a design studio to model business processes, a BPM engine that adapts to various information systems architectures, and an end-user interface for managing and interacting with processes.
BonitaSoft’s solution can interoperate with internal and external systems due to a library of hundreds of ‘Connectors’ and a community of 8,000 members who contribute connectors, business processes and other extensions.
The funding round brings BonitaSoft’s total capital raised to $14 million.
- BONITASOFT
BonitaSoft is a software company created by the founders of the Bonita open source project. BonitaSoft aims at becoming the leading Open Source provider of agile Business Process Management Solutions for all types of organizations.
Source: TechCrunch
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