BonitaSoft Announces 350 Percent Revenue Growth
SAN FRANCISCO, January 16, 2012 /PRNewswire/ --
Company Adds More Than 200 new Customers, Closes new Funding Round in 2011 to Become Fastest-growing BPM Provider
BonitaSoft, the leader in open source business process management (BPM), today announced corporate growth for 2011. The company achieved a record year, tripling its customer base to more than 300 and growing total revenue by 350 percent. The company added more than 200 new customers in 2011, including Stanford University, Howard Hughes Medical Institute, SNCF, Portugal Telecom, Australian Department of Sustainability and Environment, Galapagos Province, and Sammons Financial Services.
In 2011, Bonita Open Solution reinforced its status as the leading open source BPM suite. Bonita Open Solution reached one million downloads, and the BonitaSoft Open Source Community welcomed its 10,000th member. Bonita Open Solution received recognition and a number of open source awards for its open source leadership: recognized by Gartner as "the only open source BPMS (Business Process Management Suite)" in its open source BPM report; awarded "Best Modeling Tool" at EclipseCon 2011; and received InfoWorld's Bossie Award for Open Source Application.
BonitaSoft also aggressively grew its ecosystem throughout the year. The company expanded partnerships to more than 40 system integrator partners in more than 20 different countries. Finally, Bonita Open Solution was integrated by leading open source integration company Talend into its unified integration platform as "Talend Enterprise BPM."
Additional BonitaSoft highlights for 2011 included:
- $11M Series B funding round, led by Serena Capital and including existing investors VenTech and Auriga Partners;
- The company received recognition from Gartner in its "Cool Vendors in Business Process Management, 2011";
- Bonita Open Solution was featured in the latest edition of leading BPM industry analyst Bruce Silver's BPMN Method and Style;
- The company released new Subscription Packs that deliver advanced features for collaboration, productivity, and mission-critical projects as well as business process templates to accelerate deployments for human resources, corporate finance, quality, and help desk.
"We experienced tremendous growth in 2011, driven by our stated goal of democratizing the BPM market with an extensible, flexible, open source-based tool," said Miguel Valdés Faura, BonitaSoft CEO. "We were able to achieve significant, consistent wins against traditional BPM players and reach additional customers that were otherwise unserved, thanks to our business model and innovative solutions. We're poised to accelerate this momentum heading into 2012 as we continue to deliver on our product roadmap and respond to the needs of our community."
BonitaSoft Launches "Pimp My Bonita" Contest
BonitaSoft also recently announced the "Pimp My Bonita" competition, which seeks the most creative implementations of BPM across a variety of categories. The contest is open to all members of the BonitaSoft open source community, and winners will be able to select a prize of either U.S. $3,000 or a trip to either San Francisco or Paris.
More details can be found here: http://www.bonitasoft.org/blog/contests/pimp-my-bonita/
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BonitaSoft democratizes business process management (BPM) by bringing powerful, easy-to-integrate, and user-friendly, open source BPM to organizations of all sizes and industries. BonitaSoft and its open source community deliver an unmatched ecosystem of connectors for nearly any application and system. With the BonitaSoft suite, organizations can model, automate and optimize process workflows in Finance, Human Resources, Sales, Marketing, Supply Chain, E-Government, and more, according to their respective business or technical roles. The fastest-growing BPM provider, BonitaSoft has more than 1 million downloads, 300 customers and 10,000 community members.