The Spanish unified trading platform provider, openbravoannounced a few weeks ago his union with DL Software, a French group of vertically immersed software providers, following an ambitious business internationalization plan. Founded in 2003, DL Software is made up of by 23 companies organized into four business units (Retail, Real Estate, Health and Construction) and groups more than 1,500 employees in 6 countries (France, Spain, the Netherlands, Belgium, Luxembourg and Israel).
The French group has benefited from the experience since 2021 and the support of TA Associates, majority shareholder of the group and leading player in private equity, exceeding the milestone of 200 million euros in turnover. In 2023, the group will continue its pan-European growth strategy and aims to position itself as an international specialist in multi-industry vertical software.
Marco deVries, Openbravo CEO says: “We are very pleased to be part of a larger company ready to help us accelerate our growth strategy. DL Software has an excellent reputation and this acquisition represents important recognition of our solutions, team and achievements to date. DL Software has a proven track record of providing security, stability and resources that drive growth and innovation in the businesses they acquire. This will help us take our business to the next level, which will benefit our current and future employees, customers and partners.”
“I would also like to thank our former shareholders Amadeus Capital, Adara Ventures and SODENA on behalf of all of our employees for their fantastic support and guidance over the past few years.” adds de Vries.
Jacques Olivier, president of DL Software, says: “We have been following Openbravo for a few years now and have been impressed by their growth trajectory and the speed with which they have become a major player in the retail software market. From the first conversations we appreciated an excellent cultural and business fit with Marco and the team, which we verified during the subsequent analysis phase. We are convinced that Openbravo is a great addition to our list of specialized vertical market solutions and will help us not only strengthen our presence in the retail space, but also accelerate our international expansion, as Openbravo already has customers with a presence in more than 50 countries.
