openPR Logo
Press release

Pimcore Closes $3.5M in Series A to Expand Open-Source Data and Experience Management Platform Into the U.S.

12-12-2018 05:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Pimcore

Pimcore Closes $3.5M in Series A to Expand Open-Source Data

Pimcore, the leading open-source platform for data and customer experience management, has closed $3.5 million in Series A funding. Led by German Auctus Capital, the investment will support the Austrian tech startup’s U.S. expansion and continued development of disruptive content and commerce capabilities for product and service enterprises.

Pimcore is an open-source software platform for managing digital data and customer experiences for any channel, device, or industry. It is the only platform integrating out-of-the-box product information management, content management, data asset management and e-commerce functionalities, boosting time-to-market while remaining compatible with any IT infrastructure or system architecture. As the only open-source platform of its kind, Pimcore provides a powerful alternative to expensive and inflexible data platforms, such as SAP or Informatica.

“We’ve identified an incredible need for more flexible and connected data solutions for global enterprises, and strongly believe control over intellectual property and software belongs in the hands of our customers. That’s why we’ve developed our technology to be completely free of license cost,” said Dietmar Rietsch, CEO of Pimcore. “Our open-source model is unprecedented among data management and experience providers, and we’re excited to use this funding to supercharge those capabilities for enterprises around the world.”

The digital asset management and product information management market segments are positioned to experience tremendous expansion, expected to grow 18 percent and 25 percent respectively by 2021. This funding round will enable Pimcore to capitalize on this market opportunity and disrupt the traditionally legacy-driven data and experience management industries through enhanced open-source capabilities, as well as new subscription and professional services offerings.

This funding comes on the heels of Pimcore’s recent inclusion in the 2018 Gartner Cool Vendor report, where it was recognized for its exceptional ability to deploy an open-source ecosystem that can help consolidate digital assets and product information, and provide customer experience management, in addition to commerce capabilities. Its innovative platform has experienced significant growth since being founded in 2013, serving more than 82,000 companies across 56 countries, including global enterprises such as Audi, Burger King, Continental and Intersport. The Pimcore ecosystem is supported by a global network of more than 90 implementation and consulting partners.

Another key driver of Pimcore’s development is the acquisition of U.S.-based Pimcore Global Services and its whole outsourcing infrastructure in Delhi. “We can deliver outstanding Pimcore solutions and services on a global scale for competitive rates. This operating model, in combination with the Pimcore open-source philosophy, is a clear game-changer in the digital platform market segment,” added Shashin Shah, head of Pimcore Global Services.

“All innovation in recent years in areas such as cloud computing, big data, and artificial intelligence have happened in open-source ecosystems. It has become the primary engine of innovation all around the world,” furthered Rietsch. “We’re looking forward to extending these capabilities to current and future customers in 2019 and beyond.”

For more information about Pimcore’s data management and customer experience capabilities, visit Pimcore.

Pimcore is a software vendor for free and open-source customer experience management, digital asset management, product information management, multi-channel publishing and e-commerce software. The company is based in Salzburg, Austria, with offices in Houston, TX, USA and New Delhi, India. For more information, visit Pimcore.

Pimcore
Houston, TX, USA
77005

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pimcore Closes $3.5M in Series A to Expand Open-Source Data and Experience Management Platform Into the U.S. here

News-ID: 1435703 • Views: 486

More Releases from Pimcore

Northgate Market Selects Pimcore to Lead Migration onto Google Cloud Platform
Northgate Market has partnered with Pimcore and SADA Systems to continue innovating how retail and supermarkets operate. Northgate has launched the Infrastructure-as-a-Service (IaaS) initiative to migrate all their servers from on-premise and AWS to Google Cloud Platform (GCP). Northgate and Pimcore identified GCP as the next generation infrastructure solution to host all of Northgate Market’s applications because of their flexibility, analytics and Big Data capabilities. Northgate has also leveraged SADA
Pimcore Releases Latest Version, Pimcore 6.0, With Improved UI and Upgraded Tech …
Pimcore, the leading open-source platform for data and customer experience management, has released the most powerful version of the Pimcore platform, Pimcore 6.0. The updated platform includes a new user interface that seamlessly connects MDM/PIM, DAM, WCM, and digital commerce capabilities to create more advanced and user-friendly experiences quickly and efficiently. With Pimcore 6.0, Pimcore has upgraded to PHP framework, Symfony 4 Framework. The framework has more than 3,000 contributors, 600,000
Pimcore Launches Data Hub To Strengthen Content-as-a-Service Capabilities
Pimcore, the leading open-source platform for data and customer experience management, has released Pimcore Data Hub to provide organizations with enhanced technology to create fast, scalable apps without multiple steps. The new feature will enable organizations to centrally manage product and web content data, and translate it into neutral formats to be used across multiple channels for consistent and unified customer experience. “Data Hub makes Pimcore the most progressive open-source digital
“Pimcore” Named Among CaaS Vendors in a Gartner Report!
A recent Gartner report lists Pimcore among vendors providing CaaS (Content as a Service) solutions. The report titled, “Use Content as a Service to Support a Unified Experience Strategy for Digital Commerce” focuses on the need for eCommerce businesses to go beyond the content management abilities provided by their digital commerce platforms. According to the report, digital commerce enterprises are already looking at options to better manage their customer-facing content,

All 5 Releases


More Releases for Series

Home Retail Series: Window Dressings
Summary The UK window dressings market is forecast to slow to 1.4% growth in 2016, underperforming the homewares sector, due to weakening consumer confidence, a slower housing market in H2 and economic instability following the Brexit vote, with shoppers delaying larger ticket homewares purchases, such as curtains and shutters. Key Findings – “Dunelm is the dominant leader of the window dressings market, exploiting its specialist credentials to hold significant destination appeal in the
Maetrics launches Swiss seminar series
Maetrics, a global management consulting firm providing life sciences companies with deep quality, compliance, and regulatory solutions has launched a series of training seminars in Basel, Switzerland, as part of its new Seminars and Training Course offering for 2017. The new series of 4 training courses provides added service to client’s continental branches and further cements Maetrics’ position as a global partner. The Risk Management EN ISO14971 course will take place
Test Series for Gate
As the market is not only based on talent any more but demands smart brains scoring stupendous. As just being a graduate from a simple or less renowned college does not make you stand in the market that demands highly educated and professional citizens people are switching themselves for higher education to reputed university and the entrance gate for reputed colleges are only through exams like GATE. People are spending
Cisco 7200 Series Routers
Nov 30, 2011- Cisco 7200 Series Routers are modular routers that support a multitude of performance, service and density needs. The 7200 router is the hardware industry’s most widely deployed universal services aggregation router for enterprise and service provider edge applications. History 7200 routers were first shipped several years ago, replacing the now defunct 7010, which had had its heyday in the 1990s. The first 7200 models were somewhat average in their
11-09-2010 | Arts & Culture
Voices.com
Voices.com Presents New Webinar Series
Voices.com is establishing a new webinar series called Makeover Mondays where the women from Voices.com will give live reviews of voice actor profiles, helping a different person each week to take their web presence, marketing and auditioning strategies to the next level. Makeover Mondays is a fresh approach on how to polish up voice talent profiles and help them sell their services online. Participants in Makeover Mondays will be randomly drawn
05-12-2009 | Sports
CueSport TV Ltd
£50,000 Pool Series Returns
The richest 8-ball pool tour on the UK and Irish calendars returns this weekend (8th-10th May) with event two of the 2008-09 CueSport TV £50,000 Pool Series. This time the event is being held in the amazing Louis Fitzgerald Hotel in Dublin, Ireland. As the pinnacle of the Blackball pool game, these tournaments each carry a guaranteed £10,000 in prize money with the winner of each leg receiving £3,500. Simon Ward