As I've noted before, ERP is the Cinderella of the open source enterprise world: it's still not taken seriously, and is generally overlooked by companies as a way of saving money and increasing control. What this sector needs is some extra oomph, and maybe this news will provide it:
Openbravo, the leading developer of web-based open source Enterprise Resource Planning (ERP) and Point-of-Sale (PoS) solutions has received $12m of second round funding to back its next stage of growth. The round was led by Amadeus Capital Partners, the European technology investor, and GIMV, a leading European private equity and venture capital provider. Adara Venture Partners, an investor in globally-oriented ICT ventures that address Spain and related markets, has also participated in the round.
Openbravo has developed open source software for enterprise resource planning (ERP), specifically for small and mid-sized enterprises (SME), where market adoption of ERPs is still low since proprietary players have traditionally underserved this market. Openbravo's fully functional, web native solution with several hundreds of active deployments around the globe, is successfully addressing those unmet client needs with a much more compelling software offering at a lower cost than traditional players.
We shall see just how bravo OpenBravo is: no excuses now that it's picked up plenty of loot to help serve that “underserved” market.