BonitaSoft Raising $11M
BonitaSoft has raised $11M in an effort to take on the big software vendors with their open source BPM solutions:Well this is interesting news – it isn’t every day you see a major BPM announcement on TechCrunch after all!
BonitaSoft, a provider of open source business process management (BPM) solutions, this morning announced that it has landed $11 million in funding in a Series B round led by Serena Capital. Existing investors such as Ventech and Auriga Partners also participated.It makes me wonder if Alfresco (Activiti) or others will be exploring more funding in the current environment. It seems inevitable to me that an open source vendor or project would emerge as an interesting alternative to the commercial vendors. I just wonder which one it will be – or is it possible that I’m wrong and it will be more than one?