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.
With its open source BPM suite, BonitaSoft aims to disrupt a segment currently dominated by vendors such as IBM Lombardi, Oracle, and Tibco.
The BonitaSoft suite includes a design studio to model business processes, a BPM engine that adapts to various information systems architectures, and an end-user interface for managing and interacting with processes.
BonitaSoft’s solution can interoperate with internal and external systems due to a library of hundreds of ‘Connectors’ and a community of 8,000 members who contribute connectors, business processes and other extensions.
The funding round brings BonitaSoft’s total capital raised to $14 million.
