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

SAN DIEGO, May 11, 2022 (GLOBE NEWSWIRE) -- 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). This investment will also accelerate the growth of CBX through both organic business development and future retail supply chain technology company acquisitions. 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. We aim to leverage our footprint and cross-border capabilities to further enhance the CBX client portfolio and help drive expanded market presence." The firm has a 25-year history and over 210 employees located across 10 offices in Beijing, Delhi, Hong Kong, London Los Angeles, Mumbai, Singapore, Shanghai, Sydney and Tokyo.