Posted on July 26th, 2010Nuxeo is an open source enterprise content management system (ECM) that recently acquired $3.3 million in series A funding for revenue generating additions. This ECM pays the bills through support from their customer oriented Nuxeo Galaxy Partner Program.
Who is Behind the Funding?
The company funding this project is OTC Asset Management. In December 2008, the company gave Nuxeo $2.6 million for the Nuxeo Galaxy Partner Program. OTC Asset Management is once again investing in Nuxeo with the expectation of a great return on investment. Since their original donation the program has grown by leaps and bounds.
The Nuxeo Galaxy Partner Program
The Galaxy Partner Program is an innovative, open source ECM that allows content-enabled vertical applications (CEVA’s) to be created, marketed, supported and distributed to customers from one single location. The users of the Galaxy will receive support through coaching and maintenance services. The aim of the Galaxy is to produce content-centric applications while expanding out from the core. In addition, developers receive access to Nuxeo Studio which is an automation tool.
Money Allocation
The money donated by OTC Asset Management will be used to finance collaboration activities with its partners. Such actions include co-development of third party applications, sharing Nuxeo engineering and resources and joint marketing as well as new product launches.
The Future
With this additional funding, Nuxeo can continue its expansion efforts. The CEO of Nuxeo will be moving from France to Boston, then New York to introduce their product. In the United States, Nuxeo must compete with similar services like Open Text and Alfresco. It’s difficult to pinpoint their future with competition that dabbles in this type of innovation.
Nuxeo’s introduction to the major markets initially could be difficult. Since Open Text and Alfresco are already established in the United States, it may be difficult to break into the market. On the other hand, Nuxeo’s Galaxy Partner Program is already large and continuing to expand. It should be interesting to see the success Nuxeo has, although the potential is present.
Nuxeo has a well designed and constantly expanding product. It has caught the eye of other corporations, so much that they’ve decided to continue to invest. With this financial backing, Nuxeo could see the same great success in the United States that it’s seen in France. Proper marketing and continued expansion are keys to winning over the North American marketplace.