NL - Cordys completes EUR 60m equity financing round

Cordys Holding BV, a provider of industry-leading business process management suite (BPMS) enterprise software, has announced the successful completion of a $ 80m (cEUR 60m) financing round. Argonaut Private Equity led the round with an investment of $67 million, giving Argonaut a significant minority stake in the company. Jan Baan, founder and majority shareholder of Cordys, also participated. The funds will predominantly be used to expand Cordys’ operations in the United States, Cordys Inc, a wholly-owned North American subsidiary.