Hybris Software, a maker of management software for commerce companies, raised a $30 million round of funding led by Meritech Capital today, after rumors that the company might go public in mid-2013.
Investors also participating in the late-stage round include Greylock Israel, a fund affiliated with the well-known Silicon Valley venture firm Greylock Partners, as well as existing investor Huntsman Gay Global Capital.
Hybris is commerce software that lets mid-sized to enterprise businesses organize their inventory and purchases. More specifically, Hybris’ OmniCommerce product includes a “master data management” system, that companies can use to tap into the information they collect as they sell. It also has a dashboard for keeping track of orders, an all-important aspect of selling any goods. On the inventory side, it provides more management tools, including a web content manager for selling online. You can search through all your OmniCommerce data as well.
This could possibly Hybris’ last institutional round of funding as the company is rumored to go public mid-2013, according to Fortune. Founded in 1997, Hybris currently employs over 600 people and says if it continues increasing its “organic” revenue at the same rate, it could increase it overall by 70 percent.
It currently services business that sell to consumers as well as those that sell to other businesses and has three different payment methods based on the company’s needs. You can either set up a revenue share of your sold products, pay for a license of the technology, or pay a subscription fee. It is also available via both on-premiss as well as a SaaS (software as a service) product.
Hybris is headquartered in Munich with its North American business running out of Montreal.
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