Openbravo is based on a vision that every company, regardless of its size, has the right to have its own ERP - owned by the company and adapted to its needs and budget. Openbravo believes this can only be achieved by combining a great product, an open source philosophy and a valuable set of services to support its adoption.

The first steps in fulfilling this vision were made during mid nineties in the Engineering School Tecnun of the University of Navarra where two of the three co-founders of Openbravo, Nicolas Serrano and Ismael Ciordia, worked together developing the University's management system. As a result of their experience with all emerging internet technologies they developed a new technical approach to building web applications more effectively. In August of 2001, Nicolas, Ismael and Moncho Aguinaga founded Tecnicia (today known as Openbravo) to specifically apply its innovative technical framework to the world of Enterprise Management Systems resulting in the creation and launching of Openbravo ERP.

In 2005, two entrepreneurs with a huge experience in building start-ups worldwide decided to analyze the opportunity to expand Openbravo's operations based on an innovative open source business model. In early 2006, these two entrepreneurs decided to join Openbravo with the objective of opening ERPs future!

In January 2006, Openbravo reached a € 5M ($ 6,4M) series A financing agreement with SODENA - a Government of Navarra (where Openbravo has its headquarters) instrument for business development. The proceeds - the largest ever for an open source ERP company - are being used to fuel the software development and international growth of the company.

Openbravo has been an open source project since its inception and the source code was published in SourceForge in April 2006.