FPX, a Dallas, TX-based provider of enterprise Configure Price Quote (CPQ) solutions, received an undisclosed investment from HGGC, a middle-market private equity firm.
The company intends to use the funds to build on its global expansion, accelerate product development and further enhance its channel and strategic partnerships.
Led by Dave Batt, Chief Executive Officer, FPX is an independent vendor of SaaS based enterprise Configure Price Quote (CPQ) solutions for enterprises to optimize the experience of buying and selling across their sales, partner, and ecommerce channels, driving increased revenue and profit margins, loyalty and engagement, and empowering IT assets. The funding follows a period of growth for the company, which has opened a European headquarters in Munich, Germany and expanded its presence in London, England. In addition, new senior executives have strengthened the international management team, and partnerships have been signed with both channel and strategic partners, including SAP and Microsoft.