SINGAPORE – March 5, 2013 – hybris, the world’s fastest-growing commerce platform provider ranked “leader” by both principal analyst firms, today announced that it has secured a $30 million investment from Meritech Capital Partners, Greylock Israel, both new shareholders in the company, and existing investor Huntsman Gay Global Capital (HGGC), which has been the company’s largest investor since 2011. George Bischof, a Managing Director at Meritech who led this equity round, has joined the hybris Board of Directors.
hybris will use the new funding to accelerate growth in emerging markets, further strengthen the company’s presence in North America and Europe, address additional verticals and make strategic addon acquisitions. Over the past three years, hybris has generated organic revenue growth at a compound annual growth rate of approximately 70 percent, while still generating positive operating cash flows. hybris currently employs more than 600 people.
hybris is the only enterprise commerce suite incorporating commerce for all channels including the web and mobile, for both B2C and B2B, that includes powerful search and merchandising, master data management for commerce, order management, and web content management. And it is built on a single stack of modern, standards-based, service-oriented technology, providing the shortest time to innovation. hybris has a unique, flexible delivery approach. Customers can deploy hybris software with a traditional perpetual license, hosted by the customer or by hybris managed services, and hybris also offers an on-demand service (SaaS). Customers can switch deployment from on-demand to on-premise without replatforming.
Get more details.
hybris will use the new funding to accelerate growth in emerging markets, further strengthen the company’s presence in North America and Europe, address additional verticals and make strategic addon acquisitions. Over the past three years, hybris has generated organic revenue growth at a compound annual growth rate of approximately 70 percent, while still generating positive operating cash flows. hybris currently employs more than 600 people.
hybris is the only enterprise commerce suite incorporating commerce for all channels including the web and mobile, for both B2C and B2B, that includes powerful search and merchandising, master data management for commerce, order management, and web content management. And it is built on a single stack of modern, standards-based, service-oriented technology, providing the shortest time to innovation. hybris has a unique, flexible delivery approach. Customers can deploy hybris software with a traditional perpetual license, hosted by the customer or by hybris managed services, and hybris also offers an on-demand service (SaaS). Customers can switch deployment from on-demand to on-premise without replatforming.
Get more details.
Comments