Tuesday, April 26, 2016

HGGC Buys FPX

Dallas-based private equity investor HGGC said this morning that it has acquired FPX, a software-as-a-service company focused on price and quoting applications. Financial terms of the acquisition were not disclosed. FPX is based in Dallas, and offers up enterprise Configure-Price-Quote (CPQ) software used by sales teams. HGGC said that senior FPX management has reinvested their proceeds from the sale back into the company, and retained a "significant" minority stake in the business. FPX's co-founder and CEO is Richard Lawson and was advised by Bentley Associates in the transaction.