Centric Adds Fung Capital, Silver Lake Waterman as Strategic Investors
Centric Software, Inc., a provider of product lifecycle management (PLM) software companies, has closed on $24 million in growth capital as part of its Series D venture capital financing.
The Series D financing was co-led by Fung Capital and Silver Lake Waterman. Fung Capital is the investment arm of the Hong Kong-based Fung family whose holdings include Li & Fung Limited, a public company that sources and distributes consumer products globally with more than $20 billion in revenues. Silver Lake Waterman is the growth capital arm of Silver Lake, the global company in technology investing. Prior investors Oak Investment Partners and Masthead Partners also participated in the financing round.
The Centric 8 PLM suite delivers easy-to-use functionality to manage critical business processes, including product development, sourcing, business planning, quality management and collection management. Centric 8 implements and delivers value rapidly using an Agile DeploymentSM methodology. Working with marquee brands and consumer products companies, Centric has demonstrated high growth and innovation in the industry as recognized by Red Herring in its Global Top 100 Private Companies List in 2013.
“Centric has achieved a strong record of product innovation, and transformed the way retailers and brands bring products to market,” says John Seung, partner at Fung Capital USA. “The Centric solution is flexible, easy to use and increasingly adopted by companies of all sizes.”
The Series D financing was co-led by Fung Capital and Silver Lake Waterman. Fung Capital is the investment arm of the Hong Kong-based Fung family whose holdings include Li & Fung Limited, a public company that sources and distributes consumer products globally with more than $20 billion in revenues. Silver Lake Waterman is the growth capital arm of Silver Lake, the global company in technology investing. Prior investors Oak Investment Partners and Masthead Partners also participated in the financing round.
The Centric 8 PLM suite delivers easy-to-use functionality to manage critical business processes, including product development, sourcing, business planning, quality management and collection management. Centric 8 implements and delivers value rapidly using an Agile DeploymentSM methodology. Working with marquee brands and consumer products companies, Centric has demonstrated high growth and innovation in the industry as recognized by Red Herring in its Global Top 100 Private Companies List in 2013.
“Centric has achieved a strong record of product innovation, and transformed the way retailers and brands bring products to market,” says John Seung, partner at Fung Capital USA. “The Centric solution is flexible, easy to use and increasingly adopted by companies of all sizes.”