Openbravo announces the acquisition by leading French conglomerate DL Software


BARCELONA, Spain, Nov. 24, 2022 /PRNewswire/ — Openbravo, the Spanish provider of an integrated trading platform for flexible and innovative trading, announced today that it is joining dl softwareA leading France-based group of vertical software vendors on an ambitious path to internationalize its business footprint.

Founded in 2003, DL Software consists of 23 companies organized in four business units (Retail, Real Estate, Healthcare and Construction) and employs more than 1,500 employees in 6 countries (France, Spain, Netherlands, Belgium, Luxembourg and Israel) . brings together.

DL Software has benefited from the expertise and support of TA Associates, the group’s majority shareholder and leader in private equity for growth, and has crossed the $200 million revenue milestone since 2021. In 2023, the group will continue its pan-European growth strategy and aim to position itself as an international specialist in multi-sector vertical software.

“We are thrilled to be part of a great company ready to help us accelerate our growth strategy,” said Marco de Vries, CEO of Openbravo. DL Software has an excellent reputation and this acquisition adds one of our solutions. “Represents an important recognition of the company, the team and our achievements to date. DL Software has demonstrated an excellent track record of adding security, stability and resources to drive growth and innovation for the acquired companies.” This will help us take our business to the next level and benefit our current and future employees, customers and partners.”

“On behalf of all our employees, I would like to thank our former shareholders Amadeus Capital, Samaira Ventures and Sodena for their excellent support and guidance,” said de Vries.

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Jacques Olivier, President of DL Software, says: “We have been following Openbravo for a few years and have been impressed by the growth path and the speed with which they have become a reference player in the retail software market. From the very first conversation, we noticed that Kia had a good cultural and business fit with Marco and the team, which we confirmed during the usual analysis phase. We are confident that Openbravo is a great addition to our portfolio of specialist solutions for the vertical market, and not only will we be able to expand our presence, but also strengthen the customer base that Openbravo already has with a presence in more than 50 countries.”

About Open Bravo

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

With a presence in more than 50 countries, international clients such as BUT, Decathlon, Flunch, Norouto, Sharaf DG, Toys ‘R’ US Iberia and Zodio love Openbravo, which today is used by more than 10,000 back office users and more than 40,000 have been done in customer touchpoints, such as point of sale and self-service terminals, kiosks and others.

About DL software

Founded in 2003, DL Software is a specialized vertical software provider. The group comprises 23 vertical solutions divided over four main divisions (Retail, Real Estate, Healthcare, Construction). Since 2021, DL Software is backed by TA Associates Fund, a leading player in private equity, particularly active in technology investments.

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