“Open Source E-commerce Software Pioneer Funded by idealab
Capital Partners, idealab! and Sanchez Capital Partners.“
“OpenSales, Inc., the leading provider of open source e-commerce
solutions, today announced that it has secured $10 million in
Series A financing. Participating in the round were idealab Capital
Partners (ICP), idealab! and Sanchez Capital Partners. The company
was founded in September 1998, open-sourced its product line in
November 1999 and is scheduled to release the first commercial
versions of its software this month.”
“We are very enthusiastic about the prospects for OpenSales as
we believe that open source development will come to dominate most
software categories,” said Jim Armstrong, managing director at ICP.
“The management team at OpenSales understands the open source
process leads to better and faster software and is executing
wonderfully upon an aggressive plan of defining the e-commerce
space.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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