David Axmark, co-founder of MySQL and Larry Stefonic, ex-EVP of MySQL has joined hand with OrangeHRM. The press release states that ,
It has received Series A investment capital from principal investors Larry Stefonic and David Axmark to finance the sales, marketing and development of OrangeHRM, the company’s flagship product. The investment capital will fund the development of new HR modules such as training, budgeting and benefits modules
OrangeHRM provides low cost highly functional software for maintaining business process. This is the dawn of Cloud Computing, OrangeHRM can be easily used as a cloud application in your own server. One of the main reasons for OrangeHRM to be popular is its simplicity and stability.