BonitaSoft Raises $13M Series C For Its Open Source Business Process Management Solution
BonitaSoft, a provider of an open source business process management (BPM) solution, has raised a $13 million Series C round led by the FSN PME Fund, a French government initiative to invest in technology companies to help them scale globally. Also joining the round are previous investors Ventech, Auriga Partners, and Serena Capital. The new funding round brings the total raised by the company to just over $28 million since being founded in 2009, and follows an $11m Series B in late 2011. BonitaSoft is headquartered in Grenoble, France — hence the French government’s backing — although it also has a U.S. office in San Francisco where I’m told CEO Miguel Valdes Faura spends half his time, as well an another office in Paris. It operates in the BPM space, competing with the likes of Pegasystems, Appian, LongJump, and a number of other open source players. Companies use BPM software to automate their processes, particularly where these operate at the intersection of machines and people. ...
Taking A Different Tack, Nimbuzz Chat Startup Partners With Pakistan Operator Mobilink
Recently we've seen a lot of news articles about the potential for chat apps to take over the role of SMS. Analysts Informa recently came out with the research that suggested that 2012 was the tipping point, with nearly 19 billion messages sent over chat apps daily globally, versus 17.6 billion SMS messages. In 2014 some 21 billion SMS messages are predicated as against 50 billion app-based messages. Now, while the the user numbers of chat apps are significantly lower right now when set against chat apps (3.5 billion SMS users in 2012, against 586.3 million users of WhatsApp, BlackBerry Messenger, Viber, Nimbuzz, Apple’s iMessage and KakaoTalk), those ratios are changing. Given that SMS is 20 years old and chat apps have been going for only 5 years, the trend is concentrating the minds of mobile operators.
LinkedIn Acquires Pulse For $90M In Stock And Cash
LinkedIn today announced that it has acquired Pulse, the popular newsreader for the web and mobile. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. The acquisition is expected to close in the second quarter of 2013. Today’s announcement doesn’t come as a total surprise, given that there had been rumors about talks between the two companies for a few weeks now. LinkedIn argues that it is acquiring Pulse because it wants the site to “be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content. Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs.” “We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe ...
With $1.1M In The Bank, Graduway Launches To Help Schools Reinvent Alumni Networking
Graduway, a startup that wants to help colleges and universities more effectively engage with their alumni, is officially launching today with $1.1 million in seed funding from BTG Pactual (Latin America's largest investment bank), former 888 Holdings CEO Gigi Levy and RSL Venture Partners, which has recently invested in Vengo and OneSpot.