FPX Receives Second Capital Infusion from HGGC

FPX is a independent SaaS vendor and a leader in global Configure Price Quote enterprise solutions. In April of 2016 they were acquired by middle-market frim HGGC, a private equity firm that focuses on e-commerce companies. After the successful acquisition, HGGC has infused FPX with a second investment of an undisclosed amount to help facilitate their already-underway global expansion efforts.

HGGC uses an “Advantaged Investing” model, where they find companies that are doing well, with a solid business model and good leadership already in place, and invest in their expansion efforts. With FPX already being a facilitator of Business to Business transactions, simplifying and streamlining their clients’ transactional infrastructure in the ever-changing digital marketplace, their acquisition and investment from HGGC makes perfect sense.

As an investing firm, HGGC has conducted over $15 billion in aggregate business transactions, and currently have over $4.3 billion in cumulative capital commitments. These numbers have helped establish their reputation as a global leader in e-commerce investing, a fast growing marketplace in the digital era. Their success stories include companies such as Selligent, MyWebGrocer and Hybris alongside FPX. They are based in Palo Alto, CA and have recently opened offices in Munich, Germany and London, England.

Rich Lawson, the Chief Executive Officer and a co-founder of HGGC, said that their confidence in FPX is very high and that his company was excited to help FPX continue its expansion under its current leadership. FPX Chief Executive Officer Dave Batt says he appreciates the vote of confidence and shares it with his investors.

Together, these companies are situated to continue to expand into the global digital marketplace as leaders of Business to Business transactions, CPQ solutions and e-commerce sales. FPX has formed partnerships with such companies as Microsoft and SAP, further strengthening their standings in the field. FPX has been engaged in a period of substantial growth already, so this undisclosed investment should help them capitalize on their existing momentum and push forward as a global leader. It is possible, according to Lawson, for FPX to dominate the CPQ market with the new investment and the current leadership.

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