HGGC uses the new funding to expand in FPX

FPX which is a global leader when it comes to the provision of Configure Price Quote (CPQ) announced it got an investment funding from their partner, HGGC, which is undisclosed. HGGC is a top private equity company. The private equity firm acquired FPX in 2016, and it has been providing capital funding to the firm to make it expand and achieve its goal. The company also wants FPX to boost its development of products and also have an enhanced channel of partnerships.

The company is renowned in the investment world for successfully investing in organizations that compete for the e-commerce markets. The company has led many successful investments, and today it has reached a transaction aggregate of $15 billion. Some of these notable successful investments include Selligent, Hybris and MyWebGrocer.

The Chief Executive Officer who is also one of the founders of FPX, Rich Lawson said that it is the best opportunity for FPX to dominate the CPQ market after partnering with HGGC. The organization is committed when it comes to investment and with the partnership; they can catapult their position and achieve their goals. They first examined the vendor space and discovered that FPX is a company that was in a better position according to their vision, talent and product capability.

It is funding that comes after FPX had been experiencing intense growth. Due to the growth, the company has expanded and opened offices in various parts of Europe. They have their headquarters located in Munich, Germany but they have expanded in other areas like London. The SaaS vendor company aims at simplifying and experiences selling to enable enterprise businesses to achieve the expectations of modern customers. The organization is powerful to enable your company to advance its commerce strategy. It also simplifies things to enable your organization to increase the capabilities of making indirect and direct sales without facing challenges. They understand the power of transforming your business in this digital information error.

HGGC is a private equity company that has committed a cumulative capital of more than $4.3 billion. The firm is located in Palo Alto, Calif. It uses an “Advantaged Investing” strategy that makes it get scalable companies to establish partnerships with founders, sponsors and management teams.

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