Hybris has secured a $30 million investment from Meritech Capital Partners and Greylock Israel, both new shareholders in the company, and existing investment Huntsman Gay Global Capital (HGGC)
George Bischof, a managing director at Meritech who led this equity round, has joined the hybris board of directors.
“hybris is an exciting investment,” he said. “Its omni-commerce 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.”
hybris will use the new funding 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 approximately 70 per cent, while still generating positive operating cash flows.