Openbravo Raises 12M$ In Round 2 Funding
Great news coming from Openbravo,one of the leading open source ERP vendors - they have raised 12M$ in funding from several European VC’s. That is really great news for anyone who is involved in the industry.
It is yet another indication that open source ERP is heading straight into the mainstream of enterprise applications. With such a strong round of funding, you can expect more trust from potential customers as Openbravo secured its business for the next couple of years. Nobody wants to invest in an ERP project only to find his ERP vendor out of business two years down the line. We can expect a strong growth in both Openbravo adoption, especially in Europe and in south America, as well as in the entire open source ERP industry.
Openbravo’s commitment to its open source community will remain a big question mark. With additional stakeholders in the company (the new VCs), it will become increasingly challenging for Openbravo to keep its community of volunteers happily involved. It will be interesting to follow up on that issue.
Finally, this round of funding raises again the possibility of a large acquisition of one of the open source ERP vendors by one of IT mega vendors. I discussed this subject thoroughly here. When considering the potential for an exit for one of the vendors, this round of investment seems like a pretty smart move by the VCs.
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