Open source Business Process Management (BPM) leader achieves major milestones only two years after incorporation and one month after receiving Series B funding
SAN FRANCISCO - October 19, 2011 -- BonitaSoft, the leading provider of open source BPM solutions, announced today it has surpassed one million downloads of the company's open source business process management (BPM) suite and now has more than 250 customers. This milestone comes one month after BonitaSoft announced $11 million in Series B funding led by venture capital firm Serena Capital.
When BonitaSoft was founded in 2009, the company benefited from the momentum of the open source Bonita project, which had been through eight years of product development. Since then BonitaSoft has experienced dramatic growth in terms of product downloads and customer adoption. Today BonitaSoft’s BPM software has been downloaded more than 1,000,000 times in more than 90 countries, and more than 250 customers have purchased services as well as subscriptions for professional support and additional productivity features. BonitaSoft is also adding one new customer every two days.
"2011 has been a watershed year for BonitaSoft," said Miguel Valdes Faura, BonitaSoft CEO. "Having amassed more than 1 million downloads and 250 paying customers in less than two years as a company, we are now clearly the fastest-growing BPM vendor."
"The BPM market has experienced tremendous growth over the past several years," said Bertrand Diard, CEO of Talend and member of BonitaSoft's Board of Directors. "I am pleased to see BonitaSoft achieve for BPM what Talend is doing for integration, leveraging the same open source principles and business model. BonitaSoft is democratizing the BPM market with a cost-effective solution that offers features on par with leading proprietary suites. The tremendous momentum that BonitaSoft is enjoying both in the community and in the market clearly validates the opportunity and indicates an even stronger potential for future growth."
BonitaSoft has recently added a number of high-profile organizations and companies to its growing customer list including LexisNexis, Stanford University, PwC, DirectTV, Yellow Pages, and BBVA Bank.