RELEASE: Openbravo announces its acquisition by the leading French group DL Software

(Information sent by the signatory company).

RELEASE: Openbravo announces its acquisition by the leading French group DL Software

(Information sent by the signatory company)

BARCELONA, Spain, Nov. 24, 2022 /PRNewswire/ -- Openbravo, the Spanish provider of a unified commerce platform for agile and innovative commerce, today announced its union with DL Software, a leading French group of vertical software providers. immersed today in an ambitious business internationalization plan.

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

Since 2021, DL Software has benefited from the experience and support of TA Associates, the majority shareholder of the group and a leading player in private equity, surpassing 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 de Vries, CEO of Openbravo 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, the team and our achievements to date. DL Software has demonstrated an excellent track record of bringing 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 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 our employees for their fantastic support and guidance over the past few years," adds de Vries.

Jacques Ollivier, President of DL Software, says, "We have been following Openbravo for a few years and have been impressed by their growth trajectory and the speed with which they have become a major player in the retail software market. Since the We appreciated an excellent cultural and business fit with Marco and the team from our early conversations, which we verified during the post 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 to 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."

Sobre Open Bravo

Openbravo is the preferred software platform for brands and retailers to accelerate their unified commerce strategy and increase the agility of their operations. A completely modular platform to integrate the online and offline channel, thanks to intelligent order management, a single and real-time view of customers and inventory and a complete store solution to offer more personalized and convenient experiences. All in one and in the cloud.

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

www.openbravo.com/es

About DL Software

Founded in 2003, DL Software is a specialized vertical software provider. The group comprises 23 verticalized solutions divided into four main divisions (Retail, Real Estate, Health and Construction). Since 2021, DL Software has been backed by the TA Associates fund, a leading player in private equity, particularly active in technology investments.

www.dlsoftware.fr

Contacto:Xavier PlacesMarketing Director 34 607 676 568xavier.places@openbravo.com

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