hybris secures $30m investment in financing

hybris, the world's leading commerce platform provider, has raised a $30 million investment from Meritech Capital Partners, GreylockIsrael, both new shareholders in the company, and existing investor Huntsman Gay Global Capital (HGGC), which has been the company's largest investor since 2011.

The new funding, hybris said, will be used 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 about 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, which includes search and merchandising, master data management for commerce, order management, and web content management.

It is built on a single stack of modern, standards-based, service-oriented technology, providing the relatively short time to innovation.

Customers can deploy hybris software with a traditional perpetual license, hosted by the customer or by hybris managed services, while switching 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 Israelto 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.

About hybris AG

hybris helps businesses on every continent sell more goods, services and digital content through every touchpoint, channel and device. hybris delivers OmniCommerce™: state-of-the-art master data management and unified commerce processes that give a business a single view of its customers, products and orders, and its customers a single view of the business. hybris' omni-channel software is built on a single platform, based on open standards, that is agile to support limitless innovation, efficient to drive the best TCO, and scalable and extensible to be the last commerce platform companies will ever need. Both principal industry analyst firms rank hybris as a "leader" and list its commerce platform among the top two or three in the market. The same software is available on-premise, on-demand and managed hosted, giving merchants of all sizes maximum flexibility. Over 500 companies have chosen hybris, including 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. hybris has operations in 15 countries around the globe. hybris is the future of commerce™.