Openbravo announces its acquisition by leading French group DL Software

 Openbravo announces its acquisition by leading French group DL Software

  PR Newswire

  BARCELONA, Spain, Nov. 24, 2022

BARCELONA, Spain, Nov. 24, 2022 /PRNewswire/ -- Openbravo, the Spanish vendor
of a unified commerce platform for agile and innovative commerce, has
announced today that it is joining DL Software , a leading France-based group
of vertical software providers which is on an ambitious path to
internationalize its business footprint.

Founded in 2003, DL Software comprises 23 companies organized into four
Business Units (Retail, Real Estate, Health and Construction) and brings
together more than 1,500 employees in 6 countries (France, Spain, Netherlands,
Belgium, Luxembourg and Israel).

DL Software has benefited since 2021 from the expertise and support of TA
Associates, majority shareholder of the Group and leader in growth private
equity, and has passed the milestone of 200 million euros in turnover. In
2023, the Group will pursue its pan-European growth strategy and intends to
position itself as an international specialist in multi-sector vertical
software.

Marco de Vries, CEO of Openbravo, says, "We are extremely excited to become
part of a larger company ready to help us accelerate on our growth strategy.
DL Software has an excellent reputation, and this acquisition represents an
important recognition of our solutions, the team, and our achievements to
date. DL Software has demonstrated an excellent track record in adding
security, stability and resources to fuel growth and innovation for the
businesses they acquire. This will help us take our business to the next level
and that will benefit our existing and future employees, customers, and
partners."

"I would also like to thank in the name of all our employees to our previous
shareholders Amadeus Capital, Adara Ventures and SODENA, for their fantastic
support and guidance over the past years," adds de Vries.

Jacques Ollivier, President of DL Software, says, " We have been following
Openbravo for some years and are impressed by its growth trajectory and the
speed with which they have become a reference player in the retail software
market. From the very first conversations we noted a great cultural and
business fit with Marco and the team, which we confirmed during the customary
analysis phase. We are convinced that Openbravo is a great addition to our
portfolio of vertical market specialist solutions, and will help us not only
to strengthen our presence in the retail space but also to accelerate our
international expansion, with Openbravo already having customers today with
presence in more than 50 countries."

About Openbravo

Openbravo is the software platform of choice for brands and retailers looking
to accelerate their unified commerce strategy and increase the agility of
their operations. It is a fully modular platform that integrates the online
and offline channels and provides intelligent order management, a single,
real-time view of customers and inventory, and a complete store solution to
deliver more personalized and convenient experiences. It is an all-in-one
cloud-based solution.

International clients such as BUT, Decathlon, Flunch, Norauto, Sharaf DG, Toys
'R' Us Iberia and Zôdio, with presence in over 50 countries, prefer Openbravo,
which is today used by more than 10,000 back office users and in more than
40,000 customer touchpoints, such as point of sale and self-service terminals,
kiosks and others.

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