Meet The CEO is a series of interviews with open source ERP industry leaders. Compiere’s CEO, Don Klaiss, is our latest guest.
According to Don, Compiere is the ‘oldest’ open source ERP project, with over 1.4 million downloads. They boast a community of 50,000 members – developers, users and partners. Paying customers are in the thousands. Most of the revenue generated through subscription goes into engineering – improving product and supporting partners. This is the beauty of the open source model – the emphasis is on development rather than marketing.
Traditionally,many of Compiere’s customers have come from the distribution industry, making Compiere focus their development on supply chain, distribution and global financials. Next month, Compiere will announce further enhancements of its ERP product in the distribution areas-warehouse management and manufacturing, amongst other.
Don also mentioned Compiere’s second round of funding. He did not disclose further details, but I expect this round to be over 10M$ (their first round was 6M, Openbravo raised 12M in round 2).