BonitaSoft, a provider of open source Business Process Management software, reportedly has completed a first round of funding of $3 million from Ventech and Auriga Partners.
The company is said to be the first provider of open source software for business process management, a market which currently represents $2.6 billion with an estimated growth of 30 percent per annum by 2012.
"This funding will allow us to accelerate our development internationally as well as in France,” said Miguel Valdes Faura, CEO of BonitaSoft and co-founder of Bonita, in a statement.
Valdes said that the company can bring more resources to its community to make the deployment of BPM solutions equally feasible in companies regardless of their size, by providing solutions with powerful and simple-to-use features.
"Open Source is needed today in all segments of information systems, to allow companies to reduce expenditures,” said Bertrand Diard, CEO and co-founder of Talend, in a statement. “Today, companies like MySQL, JasperSoft, Redhat (News - Alert), SpringSource and Talend are gaining more and more ground in the information systems of notable companies, and are seeing more and more success in the competition with the historic names in the software industry.”
Diard said that this trend 'reshuffles the deck' every day in this industry, and leads me to think that BonitaSoft has what it takes to become the new success story of the open source software industry on the international market.
"We chose Bonita from BonistaSoft as the underpinning for our public sector offering," said David Labajo, director, Public Sector Bull Spain, in a statement.
The company's flagship product, Bonita is a lightweight BPM solution that runs in both Standard and Enterprise platforms.
Labajo said that Bonita gives the company’s customers economical, fast and intuitive processes to support e-administration and e-government. Thanks to Bonita, the company’s customers are able to reduce development and maintenance costs of their applications while benefiting from the flexibility, reliability and scalability of the solution, he said.
Bonita is used for production at major clients in Spain, such as the ministry of finance and the government of the Canary Islands, Labajo said.
The company officials said that the story of BonitaSoft began 8 years ago with the Bonita Project. Its team had the opportunity to create the first BPM open source community within Bull.
Officials said that today the Bonita solution has been downloaded more than 140 000 times and has 300 contributors around the world. BonitaSoft's BPM open source solution proposes an architecture that is adaptable to all types of applications in all types of businesses.Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.
Edited by Amy Tierney