BonitaSoft takes aim with BPM suite

secured $11 million in venture funding to accelerate its business plan, reports Managing Automation.

The Series B round was led by Serena Capital, and joined by BonitaSoft's existing backers, Ventech and Auriga Partners.

With its open source BPM suite, BonitaSoft aims to disrupt a segment currently dominated by vendors such as IBM Lombardi, Oracle and Tibco, says Tech Crunch.

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.

According to The Sacramento Bee, while the market opportunity for BPM is strong, cost, interoperability with corporate systems and efficiency are key barriers for many organisations.

BonitaSoft breaks down these barriers, making it cost-effective and easy for companies of all sizes and industries to leverage BPM.

"BonitaSoft is creating real value for its customers in delivering critical components to make BPM successful. With our continued support, BonitaSoft will continue paving the way in open source BPM," says Claire Houry, general partner at Ventech.