Antwerp-based Fortino Capital has acquired a majority stake in open-source business process management platform Bonitasoft. Ownership of the Parisian software company changes hands with Bpifrance, Auriga Capital, Serena Capital, and Ventec selling off their positions. The financial terms of the deal remain undisclosed.
Having been cooped up at home like the rest of us for the past few years, it would appear that Fortino Captial needed to have a walkabout. On this tour, the Belgian firm sold its stake in Dutch cloud-based infrastructures services provider Odin Groep to Parisian private equity house Apax Partners and now takes a trophy from Paris back home.
Founded in mid-2009, Bonitasoft offers an open-source platform for automation and optimisation of business processes, providing clients including Verallia, Crédit Agricole, and Hyster-Yale with the ability to model, automate, deploy and continuously improve their internals.
Through the acquisition, Fortino Capital plans to elevate Bonitasoft’s profile via a new partnership strategy, namely in other French- and Spanish-speaking countries on both sides of the Atlantic as well as roll out a series of new updates in its process analytics offer.
“Our customers will benefit from increased investment in R&D for an array of process automation tools for the future,” commented Bonitasoft CEO Miguel Valdes Faura. “This new partnership will also support us in strengthening our customer-centric approach with an even higher attention to sales, pre-sales, support, and customer success to accomplish their business goals.”