FPX closes investment from HGGC to support global expansion

Configure Price Quote solutions FPX has closed an undisclosed investment from private equity firm HGGC.

HGGC initially acquired FPX in 2016 and has deployed this new batch of funding to help the company boost global expansion, further develop its product and enhance its channel and strategic partnerships.

US-based FPX is a SaaS-based platform which helps simplify buying and selling experiences to cater for today’s omnichannel customer market. The platform’s technology helps to optimise buying and selling experiences, across sales, partner and e-commerce channels to improve revenue and profit margins.

The platform is used across a variety of sectors including financial services, transport, manufacturing, energy & utilities, healthcare and telecommunications.

This wave of funding comes after FPX has seen significant growth, with the company opening a European headquarters in Munich, as well as expanding its presence in London. The company has also seen various new senior executives added to its management team, and the formation of channel and strategic partnerships with companies including SAP and Microsoft.

FPX CEO Dave Batt said, “The market continues to evolve as more and more B2B companies incorporate CPQ solutions as an important business framework for capturing more market share. We’re constantly increasing our ability to offer the most advanced CPQ solution for multi-channel companies, while also creating a highly-efficient operating model to support global customers’ business strategies.”

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