CBX Software Plans Growth with Series A Strategic Investment by BPEA
CBX Software Announces Series A Strategic Investment by BPEA
Hong Kong – Leading Total Sourcing Management solution provider CBX Software (“CBX”) has closed on its first institutional investment in partnership with Baring Private Equity Asia (“BPEA”). CBX maintains majority controlling interest while at the same time, taking on a significant minority investment that is earmarked to accelerate CBX growth through both organic business development and future retail supply chain technology company acquisitions.
Since the first release of CBX Cloud in 2013, CBX Software has excelled in delivering on a promise to simplify the business of global sourcing, transforming traditional methodologies into fast, frictionless supply chains through an innovative product development, sourcing, costing, quality and compliance management platform. CBX helps retailers, and brand manufacturers digitize and visualize a transparent and collaborative workflow from plan to pay – one intelligent collaboration solution for the entire enterprise in the cloud.
In partnering with BPEA, CBX is looking to enter its next phase of growth including strategic acquisitions, geographic expansion, and product development slated to open new industry segments; all to further enhance the services provided to its growing customer base.
“We are excited to welcome BPEA as a strategic partner to CBX. With BPEA’s 25 years’ experience developing and growing companies, a strong Asian presence and global network, we have found the ideal partner for CBX,” said Michael Hung, Founder & CEO of CBX Software.
“We view CBX as the best-in-class platform for total sourcing management in today’s dynamic and challenging retail environment.”
Gordon Shaw, Managing Director at BPEA, commented: “we view CBX as the best- in-class platform for total sourcing management in today’s dynamic and challenging retail environment. With an exceptional founder-led team, a portfolio of top-tier retail customers, and a strong global footprint, we believe that CBX is in a great position to build on its past successes and establish its position as a dominant international player in the space. We aim to leverage our footprint and cross-border capabilities to further enhance the CBX client portfolio and help drive expanded market presence.”
About CBX Software
CBX Software is the world’s leading Total Sourcing Management solution provider from concept to delivery — combining people, processes and solutions. CBX helps retailers and brands streamline product development and sourcing all the way through order, production and delivery. Through innovative Sourcing Management, Product Life-cycle Management (PLM), and Production and Order Management technology solutions, CBX empowers the supply chain network by driving collaboration to over 20,000 retail and supplier partners, and 50,000 users in more than 50 countries.
Baring Private Equity Asia (BPEA) is one of Asia’s largest private alternative investment firms, with assets under management of over USD37 billion. BPEA manages a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as dedicated funds focused on private real estate and private credit. The firm has a 25-year history and over 210 employees located across 10 offices in Beijing, Delhi, Hong Kong, London Los Angeles, Mumbai, Singapore, Shanghai, Sydney, and Tokyo.
BPEA is a responsible investor that seeks to create value for all stakeholders through a sustainable approach to investing. The firm is a signatory to the UNPRI (United Nations Principles for Responsible Investment) and is committed to action within its own business and the companies in which it invests to drive sustainability across a range of issues, from climate change to social concerns to effective governance.