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April 17, 2007
Jan Baan's Cordys Raises 60M Euros
This is one of the largest VC investments that we have seen in Europe in some time. Putten, Netherlands-based Cordys has raised Euro 60M in equity financing led by Argonaut Private Equity, giving Argonaut a significant minority stake in the company. Jan Baan, founder and majority shareholder of Cordys, also participated. The funds will predominantly be used to expand Cordys' operations in the US.
Cordys sells business process management suite (BPMS) enterprise software. The company claims 40 customers and nearly 500 employees.
Cordys notes that in addition to being the founder of Baan Software, Jan Baan made early investments in Top-Tier (acquired by SAP) and WebEx (acquired by Cisco).
Read - Cordys Secures $80 Million Investment to Meet Fast-Growing Market for Business Process Management Suite (BPMS) Software (release)
Posted on April 17, 2007 05:16 PM | Posted to Specialized Software | Permalink
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