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OpenLegacy

openlegacy.com

Founded Year

2014

Stage

Incubator/Accelerator - III | Alive

Total Raised

$70.25M

About OpenLegacy

OpenLegacy helps organizations launch digital services by extending their core legacy systems to the web, mobile, and cloud. Its API software quickly reduces project backlog by automating and accelerating API creation, deployment, testing and management from core applications, mainframes, and databases.

Headquarters Location

11921 Freedom Drive Suite 550

Reston, Virginia, 20190,

United States

609-608-0556

OpenLegacy's Product Videos

Product Marketing Material.png

ESPs containing OpenLegacy

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Capital Markets Tech

Companies in this market help capital markets firms simplify and consolidate legacy systems, as well as build new technology solutions more quickly. These solutions allow firms to reduce the cost of development and integration, with an aim to improve both project speed and system performance.

OpenLegacy named as Challenger among 6 other companies, including Unqork, Digital Asset, and Genesis Global.

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OpenLegacy's Products & Differentiators

    OpenLegacy HUB

    SaaS platform for automating the input of assets but also the creation of new services in both low and no code formats.

Research containing OpenLegacy

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned OpenLegacy in 1 CB Insights research brief, most recently on May 13, 2020.

Expert Collections containing OpenLegacy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OpenLegacy is included in 2 Expert Collections, including Capital Markets Tech.

C

Capital Markets Tech

955 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

7,565 items

US-based companies

OpenLegacy Patents

OpenLegacy has filed 1 patent.

The 3 most popular patent topics include:

  • Concurrency control
  • Data management
  • Database management systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/12/2020

7/27/2021

Transaction processing, Data management, Network protocols, Database management systems, Concurrency control

Grant

Application Date

10/12/2020

Grant Date

7/27/2021

Title

Related Topics

Transaction processing, Data management, Network protocols, Database management systems, Concurrency control

Status

Grant

Latest OpenLegacy News

OpenLegacy Raises $30 Million from Worldwide Strategic & Financial Investors

Oct 17, 2022

Tel Aviv, November 28, 2018: OpenLegacy, the leader in microservices-based API integration for back-end applications, has closed a funding round of $30 million. The investment will further strengthen its premier market position of enabling established enterprises to go truly digital.OpenLegacy is mission critical for organizations with complex legacy environments, as experienced by its global tier 1 customers. It helps organizations quickly launch digital innovations by automating and standardizing the process of creating digital services using microservices-based APIs. With OpenLegacy, legacy systems can be integrated, leveraged, and extended in a fraction of the time compared to other solutions, all without changing the underlying systems.The funding round brings together major global investors with added value in both funding and promoting the technology. Round participants include: Silverhorn Investment Advisors (lead investor), CommerzVentures, the VC unit of Commerzbank; Cathay Innovation for Cardif-BNP Paribas; Leumi Partners; O.G. Tech Ventures - Eyal Ofer’s VC arm; Prytek-GFS Group; and RDC, a major investor from the seed stage, which is a joint venture between Elron and Rafael.“We have a clear perspective on OpenLegacy’s advantages,” said Patrick Meisberger, CommerzVentures Managing Director. “We understand the size of the potential market because we can see first-hand the challenges of adopting new technologies in legacy environments. OpenLegacy helps with a variety of use cases, from creating APIs quickly for any backend system all the way to a full, phased cloud migration.”“As a partner with Cardif, BNP Paribas’ leading international insurance company, we are aware of the issues facing the insurance industry and the fact that you can’t solve today’s problem with yesterday’s middleware solutions,” said Jacky Abitbol, Partner at Cathay Innovation. “OpenLegacy’s unique and innovative solution is perfectly aligned with today’s technology requirements and, more importantly, it is flexible enough to accommodate whatever is coming next.”“This high quality, broad-based group of financial and strategic investors validates our market approach,” said Ron Rabinowitz, OpenLegacy’s CFO & COO. “This funding strongly supports our worldwide expansion and will enable OpenLegacy’s platform to increase its market share in the Forbes Global 2000.”OpenLegacy was founded by Romi Stein (CEO) and Roi Mor (CTO). Their many years of experience at major tech companies like IBM and Software AG have resulted in deep understanding of the digital transformation issues faced by large enterprises."With its strong leadership team, modern approach, and advanced innovation, OpenLegacy will soon become the standard solution for financial institutions that aim to rapidly adopt digital technologies. Having backed OpenLegacy since inception, we believe that OpenLegacy reflects the unique advantage of Israel’s exclusive knowledge base and human capital. We see a massive opportunity in moving core legacy systems through digital transformation,” said Yaron Elad, Elron’s CFO and RDC Director.OpenLegacy was represented in the transaction by Michael A. Heller and Amir Yariv of Goldfarb Seligman & Co.OpenLegacy is a flagship company of “The Floor,” a global innovation platform, in partnership with leading banks such as HSBC, Santander, RBS, Intesa SanPaolo, Deutsche Bank, and SMBC alongside Intel, and Accenture.About OpenLegacyOpenLegacy helps organizations quickly launch innovative digital initiatives by automating and standardizing the process of creating digital services. With OpenLegacy’s microservice-based APIs, even the most complex organizations can accelerate the delivery of new innovations without changing their back-end systems.OpenLegacy is a trademark of OpenLegacy, Inc. Any other products or software are trademarks of the respective vendors.

OpenLegacy Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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OpenLegacy Rank

OpenLegacy Frequently Asked Questions (FAQ)

  • When was OpenLegacy founded?

    OpenLegacy was founded in 2014.

  • Where is OpenLegacy's headquarters?

    OpenLegacy's headquarters is located at 11921 Freedom Drive, Reston.

  • What is OpenLegacy's latest funding round?

    OpenLegacy's latest funding round is Incubator/Accelerator - III.

  • How much did OpenLegacy raise?

    OpenLegacy raised a total of $70.25M.

  • Who are the investors of OpenLegacy?

    Investors of OpenLegacy include Plug and Play Accelerator, Paycheck Protection Program, SBI Group, Silverhorn Investment Advisors, CommerzVentures and 8 more.

  • Who are OpenLegacy's competitors?

    Competitors of OpenLegacy include TIBCO Software.

  • What products does OpenLegacy offer?

    OpenLegacy's products include OpenLegacy HUB and 2 more.

  • Who are OpenLegacy's customers?

    Customers of OpenLegacy include Union Bank, Bank Leumi, Citi, Banorte and Liberty Mutual.

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