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 add-on 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.
“hybris is an exciting investment,” said Bischof. “Its OmniCommerce
strategy is an opportunity for mid-sized businesses or large enterprises across
the globe to make hybris as significant to customer-facing processes as ERP
systems have become to back-end processes.”
“This financing represents another important step forward in
reaching our goal to build hybris into one of the best and largest enterprise
software companies in the world,” said Ariel Luedi, CEO of hybris. “With these
additional resources, we will continue to innovate and build the best commerce
solution in the marketplace, grow our geographic footprint and expand our partner
ecosystem.”
“It is a tremendous advantage to have the support and guidance of
such an experienced group of investors,” said Carsten Thoma, President and COO
of hybris. “We are proud that HGGC continues to invest in our business, and that
we were able to bring on Meritech and Greylock Israel, who both have an
outstanding reputation and track record in the technology and software space.”
Meritech Capital, with over $2.6 billion under management, is a
leading provider of late-stage venture capital to category-defining technology
companies such as Facebook, Riverbed and Salesforce.com. Greylock Isreal has backed
technology leaders including Wonga and JustEat in Europe and its affiliate
fund, Greylock Partners, has invested in leading companies such as DoubleClick, LinkedIn, Success Factors and Workday in
the United States.
“We are thrilled to partner with Meritech and Greylock Israel to
help hybris fulfill its long-term vision and achieve its next stage of growth,”
said Rich Lawson, Co-Founder and Managing Partner at HGGC and Chairman of the
hybris Board of Directors.
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