- Openbravo’s customers include BUT, Decathlon, Flunch, Norauto and Sharaf DG
- DL Software comprises 23 companies organised into four units
- TA Associates became majority shareholder in DL Software in 2021
TA Associates-owned DL Software, a group of software providers, has added unified commerce platform Openbravo, the firms announced.
Openbravo, headquartered in Pamplona, Spain, is a cloud-based system that provides services including order management and a real-time view of customers and inventory. Its customers include BUT, Decathlon, Flunch, Norauto, Sharaf DG, Toys ‘R’ Us Iberia and Zôdio, and it is present in over 50 countries.
Amadeus Capital, Adara Ventures and SODENA were formerly shareholders in Openbravo.
DL Software was founded in 2003 and has headquarters in Paris. It comprises 23 companies organised into four units – retail, real estate, health and construction – and has more than 1,500 employees in France, Spain, the Netherlands, Belgium, Luxembourg and Israel.
TA Associates became majority shareholder in DL Software in 2021. The software firm has since passed €200 million in turnover and next year plans to pursue its pan-European growth strategy.
The addition of Openbravo will not only “strengthen our presence in the retail space” but also “accelerate our international expansion, with Openbravo already having customers today with presence in more than 50 countries”, said Jacques Ollivier, president of DL Software, in a statement.
TA Associates is a private equity firm headquartered in Boston, Massachusetts. It invests across business services, consumer, financial services, healthcare and technology industries, in sizes of $100-$600 million in equity and $10-$50 million in subordinated debt.