Open-source ERP vendor Openbravo nabs $12 million

Openbravo just pulled in $12 million in second-round funding.

Openbravo, the open-source ERP vendor, has pulled in $12 million in Series B funding from new investors Amadeus Capital, GIMV and Adara Venture Partners.

As an advisor to Openbravo, I can attest to how hard the Openbravo team worked to finalize this funding. It is an investment well-earned, and should be money well-spent.

Openbravo has emerged as perhaps the leading open-source ERP vendor in a short space of time, in large part because of its strength as a hosted solution and due to its viability in emerging markets like Latin America and under-served parts of Europe.

Congratulations to the Openbravo team!

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About the author

    Matt Asay is chief operating officer at Canonical, the company behind the Ubuntu Linux operating system. Prior to Canonical, Matt was general manager of the Americas division and vice president of business development at Alfresco, an open-source applications company. Matt brings a decade of in-the-trenches open-source business and legal experience to The Open Road, with an emphasis on emerging open-source business strategies and opportunities. He is a member of the CNET Blog Network and is not an employee of CNET. You can follow Matt on Twitter @mjasay.

     

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