Grenoble-native BonitaSoft completes a funding round of 10 million euros
The publisher, which optimizes business processes in open source, is counting on triple-digit growth in 2013 and is targeting 60 new recruitments.
The Grenoble-based company BonitaSoft, specialized in multi-sector Business Process Management, has just completed a massive fundraising of 10 million euros.
This third round table was notably led by the FSN PME, funds set up within the framework of the Investments for the Future Program. It also includes its historical shareholders: Ventech, Auriga Partners and Serena Capital. The operation brings the total amount of funds raised by the company to 22 million euros.
Imagined by Miguel Valdés-Faura, Charles Souillard, and Rodrigue Le Gall, the Bonita Open Solution, incubated since 2001, allows users to model, automate and optimize business processes in fields as varied as finance, human resources, sales, marketing, logistics and electronic administration.
Thanks to this new capital increase, the publisher of open source business process management solutions intends in particular to expand its commercial activities in Europe, the United States and Latin America and continue its R&D efforts.
The company also plans to launch new product offers dedicated to medium and large companies looking for technological and economical alternatives to proprietary solutions on the market.
In 2012, BonitaSoft would have recorded a 130% increase in its turnover, thanks in particular to the American market where the company would have seen its growth climb by 390%. Today, the company claims more than 600 companies and public administrations as clients, including the Crédit Agricole group, BBVA, the Ministry of Agriculture and even Orange.
For 2013, the company is aiming for 3-digit growth and intends to recruit 60 new staff in order to expand the teams at its three sites located in Grenoble, Paris and San Francisco.