This week OpenGeo took an exciting and important step forward as an organization. We’ve taken on investment and spun out from OpenPlans, our long time parent organization, to establish ourselves as an independent company. Our growth and this successful step out on our own are the result of our amazing team and the success of open source geospatial software that we’ve been working on for over ten years.
Vanedge Capital, a Vancouver-based venture capital firm, led the Series A round of investment that made this possible. We are truly excited to begin a partnership with Vanedge, an innovative fund led by partners who know how to grow and manage software technology companies.
This investment provides the capital we need to meet our objectives and continue to develop innovative technologies. If you’re a regular reader of this blog or have seen us lately at conferences or events, you know about the ambitious projects we’ve been working on: through-the-web-processing, breaking out of the GIS work-flow with Spatial IT, geospatial web-analytics and distributed versioning for geospatial – to name a few. This type of development requires not just the strong technical skills and forward-looking leadership that our team has, but it also requires resources, which Vanedge’s investment provides.
This investment also allows us to achieve our long-planned separation from OpenPlans, which founded and incubated us. We are grateful for the support and vision of OpenPlans over the years. And, since OpenPlans remains an investor in our new company, we’re looking forward to our continued partnership with them.
Our mission remains the same: to build the highest quality software for location and mapping, available to all. This investment gives us a stronger base of resources to support the open source communities we work with. We remain committed to the open source principles of collaboration, transparency, and freedom. We’ll be doing even more to develop the best geospatial tools while supporting the open source communities and our customers alike.
Look for more from us about the future of Spatial IT and how we can help you get there.