Advisor to OpenERP in a € 3.5M Fund raising

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Open Source ERP tech provider

February 2010 – LD&A advises OpenERP in a € 3.5m fund raising

LD&A acted as advisor to OpenERP on a fund raising of €3m subscribed by Sofinnova Partners, Xavier Neil and Olivier Rosenfeld.

Founded in 2005, OpenERP publishes the eponymous open source software, which has met a tremendous success with nearly 1,000 downloads per day. With a community of over 300 active users, the software now includes over 500 modules making it one of the most complete suites on the market. This fund raising will enable the company to strengthen its network of international partners and launch new ways of marketing, for instance in SaaS.

“OpenERP has all the necessary qualities for a successful open source solution: a very high performance and modular technological core, a very active community and a clear monetization strategy. Led by a visionary management and now backed by international investors, OpenERP should become a key player among the world leading ERPs.” comments François Carlot, Principal with LD&A.

About Drake Star Partners

Drake Star Partners is a global investment banking firm serving the technology, media and communications sectors (TMC) with offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Singapore* and Dubai*. The firm focuses on M&A and corporate finance for its clients worldwide. Drake Star Partners completed over 400 transactions since 2004, 70% of which are cross-border.
Drake Star Partners is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160) which is authorised and regulated by the Financial Conduct Authority. © 2016 Drake Star Partners Limited.

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