;
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

Textile-garment park inaugurated in Ethiopia's Jimma

Textiles | On 15th Dec 2018

Textile-garment park inaugurated in Ethiopia's Jimma

President Omar al-Bashir of Sudan, President Ismail Omar of Djibouti...

Some trying to create unrest over wages: Bangla minister

Textiles | On 15th Dec 2018

Some trying to create unrest over wages: Bangla minister

Some people are trying to create unrest in Bangladesh over the...

India's Mufti to expand footwear retail to over 500 stores

Apparel/Garments | On 15th Dec 2018

India's Mufti to expand footwear retail to over 500 stores

Indian denim brand Mufti recently announced expansion of its footwear ...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search