BonitaSoft, a Grenoble, France-based provider of open source business process management (BPM) solutions, has secured $11m in a Series B financing.
The round was led by Serena Capital, with participation from existing investors Ventech and Auriga Partners.
The company intends to use the funds to accelerate product development and support broader international corporate expansion.
Led by CEO Miguel Valdes Faura, BonitaSoft offers a suite that includes an innovative design studio to model processes, a BPM engine that can adapt to various information systems architectures, and an end-user interface for managing and interacting with processes.
FinSMEs
13/09/2011