CBX Software Announces $10 Million Series A Funding from Baring Private Equity Asia to Expand Global Outreach

(US and Canada) CBX Software, the leading Extended Product Life Cycle Management platform provider, has closed on its first institutional investment in partnership with Baring Private Equity Asia (BPEA). CBX will maintain its majority controlling interest while taking on a significant minority investment from BPEA. Today's rapidly evolving market demands agile software solutions, and this partnership will bring CBX Software to a wider audience. This investment will also accelerate the growth of CBX through both organic business development and future retail supply chain technology company acquisitions.

The partnership with BPEA will help CBX enter its next phase of growth that includes 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 and to give them an edge over industry competition.

CBX Software Founder and CEO Michael Hung said, "We are excited to partner with BPEA, which has 25 years of experience in developing and growing companies, a strong Asian presence and a global network. This strategic partnership will help CBX Software to expand its offerings and scale its business across the globe."

Since the initial release of CBX Cloud in 2013, CBX Software has spearheaded the innovation of an integrated platform that helps retailers and brands streamline their global operations from product development and sourcing to production, quality and compliance. CBX Cloud enables leading retailers and brands to digitize their supply chains for greater efficiency, transparency and sustainability.

"We view CBX as the best-in-class platform for total sourcing management in today's dynamic and challenging retail environment," commented BPEA Managing Director Gordon Shaw. "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."

For more information on CBX Software, please visit https://www.cbxsoftware.com/solutions.