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Posted by Peter Sheldon on March 5, 2013
Today hybris announced it has secured an additional $30M in funding from two Silicon Valley VC giants (Meritech Capital Partners and Greylock Israel). This funding comes only 18 months after hybris took a significant funding round from Huntsman Gay Global Capital to secure their acquisition of iCongo in August 2011. Despite an unprecedented period of growth over the past two years the firm has remained profitable. So why has hybris taken this additional round of funding and what does it mean for customers, prospects and partners?
So what does the future hold for hybris? For now it’s business as usual. The firm believes it has the assets in place (strategy, technology, funding and people) to further solidify its place in the market as a leading player in the global commerce platforms and services market, which Forrester estimates is worth $17.3 billion in 2013*.
I look forward to your thoughts below in the comments.
* Clients can access our market sizing analysis by contacting your Forrester Account Executive.