OpenAir Overview

  • Year Founded
  • 1999

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $31M

OpenAir General Information

Description

Developer of online business management software. The company offers a suite of PSA (professional services automation) services to streamline business administration, enabling organizations to manage projects, accounting, expense reporting and resource allocation.

Contact Information

Website
www.openair.com
Formerly Known As
TimeBills.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 211 Congress Street
  • 8th Floor
  • Boston, MA 02110
  • United States
+1 (617)
Primary Industry
Automation/Workflow Software
Other Industries
Business/Productivity Software
Acquirer
Vertical(s)
TMT
Corporate Office
  • 211 Congress Street
  • 8th Floor
  • Boston, MA 02110
  • United States
+1 (617)

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OpenAir Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 02-Jun-2008 $31M Completed Product Development
3. Early Stage VC 16-Mar-2000 Completed Product Development
2. Early Stage VC (Series B) 29-Sep-1999 $2.5M $3.1M Completed Generating Revenue
1. Early Stage VC (Series A) 22-Apr-1999 $598K $598K Completed Product Development
To view OpenAir’s complete valuation and funding history, request access »

OpenAir Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C
Series B
Series A 1,615,925 $0.010000 6% $0.37 $0.37 1x $0.37 14.01%
To view OpenAir’s complete cap table history, request access »

OpenAir Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of online business management software. The company offers a suite of PSA (professional services automation) s
Automation/Workflow Software
Boston, MA

New York, NY
 

Denver, CO
 
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OpenAir Competitors (55)

One of OpenAir’s 55 competitors is Ultimus, a Formerly VC-backed company based in New York, NY.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ultimus Formerly VC-backed New York, NY
Accelo Private Equity-Backed Denver, CO
SyncroMSP Private Equity-Backed Seattle, WA
Bizagi Group Private Equity-Backed Wooburn Green, United Kingdom
ProcessMaker Venture Capital-Backed Durham, NC
You’re viewing 5 of 55 competitors. Get the full list »

OpenAir Former Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
3i Group PE/Buyout Minority
Fidelity Equity Partners (Massachusetts) PE/Buyout Minority
Rex Capital Venture Capital Minority
i-Hatch Ventures Venture Capital Minority
To view OpenAir’s complete investors history, request access »

OpenAir FAQs

  • When was OpenAir founded?

    OpenAir was founded in 1999.

  • Where is OpenAir headquartered?

    OpenAir is headquartered in Boston, MA.

  • What industry is OpenAir in?

    OpenAir’s primary industry is Automation/Workflow Software.

  • Is OpenAir a private or public company?

    OpenAir is a Private company.

  • What is the current valuation of OpenAir?

    The current valuation of OpenAir is .

  • What is OpenAir’s current revenue?

    The current revenue for OpenAir is .

  • How much funding has OpenAir raised over time?

    OpenAir has raised $15.6M.

  • Who are OpenAir’s investors?

    3i Group, Fidelity Equity Partners (Massachusetts), Rex Capital, and i-Hatch Ventures have invested in OpenAir.

  • Who are OpenAir’s competitors?

    Ultimus, Accelo, SyncroMSP, Bizagi Group, and ProcessMaker are some of the 55 competitors of OpenAir.

  • When was OpenAir acquired?

    OpenAir was acquired on 02-Jun-2008.

  • Who acquired OpenAir?

    OpenAir was acquired by Oracle NetSuite.

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