One of the global leading enterprise FPX has received an undisclosed funding amount from one of its lending partners known as HGGC. HGGC is a global middle-market private equity firm. HGGC acquired FPX in 2016 and has been funding it to allow expansion of its services to the global space. FPX is keen on its product development and improving its strategic partnerships around the world. HGGC is popular for investing in companies that deal with e-commerce platforms and other applications. So far it has invested over $15 billion in different companies such as Hybris, MyWebGrocer
After the investment by HGGC, FPX is now on the verge of dominating the CPQ market, according to the chief executive officer Rich Lawson. This company invested in FPX because it was clear to them it was the only company with product capability, enormous dominance in the markets, and innovation for growth in the future. After the funding by this company, FBX has seen a period of tremendous growth and even opening European headquarters in Munich, Germany. It has also expanded its presence in England with an office located in London. FBX has benefited from new senior executives who have strengthened its international management and partnerships with other strategic partners such as Microsoft and SAP.
As the market continues to evolve more B2B companies are integrating CPQ solutions into their business models giving FBX a chance to expand its operations globally. FPX is in the process of creating the most advanced CPQ solutions for it multichannel companies. It’s also creating an operating model that supports all its customers’ business strategies globally.
HGGC leads in the middle market private equity business with a capital of over $4.3 billion. Its headquarters are in Palo Alto, California. Its business model is unique due to its advantaged investing. This model enables it to attract multiple partners and even sponsors who are ready to invest alongside the company. Since it was formed,