OpenLegacy
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 9.0m | 16.1m | 27.0m | 28.5m | 28.8m | 28.8m |
% growth | - | 79 % | 68 % | 6 % | 1 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$4.0m | Seed | ||
$7.0m | Series A | ||
* | $30.0m | Series B | |
* | $20.0m | Late VC | |
Total Funding | AUD94.3m |
Related Content
Recent News about OpenLegacy
EditOpenLegacy is a technology startup that specializes in digital-driven integration for core legacy systems. The company provides a platform that enables businesses to connect their old, established systems (like mainframes and IBM i Series) with modern digital applications. This allows companies to leverage their existing technology investments while still being able to innovate and offer new digital services.
OpenLegacy serves a diverse range of clients across various industries, including agriculture, automotive, finance, government, healthcare, insurance, manufacturing, retail, services, and telecommunications. By focusing on these sectors, OpenLegacy addresses the unique challenges each industry faces when trying to integrate legacy systems with new digital solutions.
The market OpenLegacy operates in is the enterprise software and IT services sector, specifically targeting businesses that rely heavily on legacy systems but need to modernize to stay competitive. The company's platform simplifies the process of creating APIs (Application Programming Interfaces), which are tools that allow different software systems to communicate with each other. This is crucial for businesses looking to integrate old systems with new technologies without extensive redevelopment.
OpenLegacy's business model is based on providing software solutions and services. They make money by selling licenses for their platform, offering subscription-based services, and providing professional services such as consulting and support. By enabling faster and more efficient integration processes, OpenLegacy helps its clients save time and reduce costs, which in turn makes their offering attractive and valuable.
In summary, OpenLegacy empowers businesses to modernize their legacy systems quickly and efficiently, enabling them to thrive in the digital age. Their platform is particularly beneficial for industries with complex and established IT infrastructures, offering a seamless way to integrate old and new technologies.
Keywords: Legacy Systems, Digital Integration, APIs, Mainframes, IBM i Series, Enterprise Software, IT Services, Modernization, Cost Savings, Industry Solutions.