Compiere Inc. Raises $6M in Venture Funding and Relocates Headquarters to Silicon Valley
Summary
Portland, Oregon – June 20, 2006 – Compiere, Inc., the premier provider of open source business applications, announced that it has secured $6 million in funding from New Enterprise Associates (NEA), a major venture capital firm with more than $6 billion of investments under management. Compiere intends to use the funds to build out a worldwide infrastructure in order to better support its partner network, which has grown exponentially over the last few years. Compiere is an integrated ERP and CRM solution that generates a seamless 360-degree view of a company, its customers and its vendors. Commenting on the appointment, Vladimir Jacimovic said, "Both Harry and I are extremely excited about our partnership and the opportunity that lies ahead for Compiere. The Compiere ERP & CRM solution is used worldwide by small to medium enterprises and large corporations across a variety of industries including retail, logistics and distribution.
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