hybris, a global commerce platform provider, raised $30m in funding.
Backers included new shareholders Meritech Capital Partners and Greylock Israel and existing investor Huntsman Gay Global Capital (HGGC).
The company intends to use the funding to accelerate growth in emerging markets, strengthen its presence in North America and Europe, address additional verticals and make strategic add-on acquisitions.
In conjunction with the funding, George Bischof, a Managing Director at Meritech (who led the equity round), has joined hybris’ Board of Directors.
Led by Ariel Luedi, CEO, hybris delivers enterprise software and on-demand solutions for multi-channel commerce, master data management and order management that are designed to help retailers, manufacturers, distributors, telcos and publishers of software, games and digital media to sell more and create perpetual digital relationships with their customers.
Clients include global B2B sites W.W. Grainger, Rexel, General Electric, Thomson Reuters and 3M as well as consumer brands Toys”R”Us, Metro, Bridgestone, P&G, Levi’s, Nikon, Galeries Lafayette, Migros, Nespresso and Lufthansa.
The company currently employs more than 600 people in 15 countries around the globe (read here).
FinSMEs
05/03/2013