US APPAREL PLM PROVIDER EXPANDS INTO ASIA
July 5th, 2014
The investment arm of Hong Kong-based Li & Fung is investing in US-based Centric Software Inc, a provider of product lifecycle management (PLM) software to the apparel industry, helping Centric’s expansion into Asia. Centric announced yesterday (July 29) it has secured USD24 million in growth capital from financiers including Fung Capital USA – the investment arm of Hong Kong-based Fung Group, which includes Li & Fung.“Centric entering Asia was a big factor in our investment,” said John Seung, partner at Fung Capital USA. “With our connection in ...
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