Austin American-Statesman: Austin-based business software maker collects millions for expansion
- July 27, 2016
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It’s an honor to be covered in our home-town paper, the Austin American-Statesman, with respect to our news about raising money to invest in growing our business. Lori Hawkins, who has covered the tech sector for the Statesman so well for so many years, has the byline.
Austin-based BP3 Global, which builds software for Fortune 500 companies, has raised $10 million to ramp up product development.
BP3 received the funding from Petra Capital Partners, a Nashville-based private equity firm.
Founded in 2007 by Austin software industry veterans Lance Gibbs and Scott Francis, BP3 provides business process management consulting and software.
The company has completed 800 projects for customers including Wells Fargo, Kaiser Permanente, Carlsberg Beer, Costco, and a number of federal agencies.
The funding marks the first outside investment received by the company, which has been profitable since inception, said chief strategy officer Amit Malhotra.
I love this team. The investment from Petra really validates our mission and approach to the market. That means so much to our team and the work we do every day for our customers and for each other.