Home / Knowledge / News / Information Technology / ecVision announces investment from Fung Capital USA
ecVision announces investment from Fung Capital USA
23
Jul '09
ecVision, a sourcing and supply chain management software provider, announced an investment from Fung Capital USA, a private equity firm that invests primarily in consumer product and supply chain technology companies. Fung Capital acquired all non-management shares in this transaction.

Fung Capital is the private equity partnership of Victor and William Fung, the Chairman and Group Managing Director of Li & Fung Ltd. The investment illustrates ecVision's value to the retail supply chain and will leverage the international business network and expertise of the Li & Fung Group, a global leader in sourcing and supply chain management for major brands and retailers. “We are excited to continue to build our relationship with the Li & Fung organization as an integral part of the Fung Capital portfolio. Not only do we have a solid long term partner, we will immediately realize financial benefits by tapping into Fung Capital's relationships,” said Thomas Ng, CEO and Founder of ecVision.

"Fung Capital's move to support ecVision's global operations will give them the backing they need – through both financial and strategic guidance – to continue to develop and deliver industry-leading software," said Michael Hsieh, President of Fung Capital.

ecVision's flagship product, XpressCommerce, is a modular, configurable, web-based solution for private label owners and manufacturers to facilitate better relationships with trading partners through standardized documents and process flow from product concept to receipt. The end result is minimized risk, lower supply chain costs, improved speed to market and the protection of brand quality.

For over ten years, ecVision has operated from offices in the United States, Hong Kong, and China. XpressCommerce user base includes internal teams, suppliers, mills, factories, logistics providers, inspection agencies, and banks. Every day, industry-leading companies around the world including Abercrombie & Fitch, BonTon, JCPenney, Li & Fung Ltd, New Balance, Phillips-Van Heusen, Timberland and others use ecVision's award-winning software to effectively run their business.

Fung Capital USA Fund (II) L.P. is the private equity investment arm of Victor and William Fung who are the controlling shareholders of the Li & Fung Group of companies. This investment is unrelated to any of the listed companies of the Li & Fung Group. Fung Capital makes investments in supply-chain related technologies as well as in consumer product companies primarily in the apparel, fashion accessories, home furnishings, gifts, health and beauty industries.

ecVision


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search