# Centric Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/centric-software

- Industry: Software
- Headquarters: Campbell, US
- Website: www.centricsoftware.com
- Total disclosed funding: $114M
- Latest round: Series D (Jun 3, 2014)
- Investors on record: 10

## About

Centric Software Inc. is a US-based company that provides advanced Product Lifecycle Management (PLM) solutions, specifically designed to optimize product development processes for the fashion, retail, and consumer goods sectors.Founded in 2004 and headquartered in Campbell, US, Centric Software Inc. specializes in PLM solutions that cater to the needs of businesses within the fashion and retail industries. The company has undergone significant growth, culminating in a Trade Sale where Dassault Systemes acquired a 63.19% majority stake for approximately USD 350 mn in July 2018. This acquisition was intended to foster market-driven innovations. Centric has been involved in 14 deals to date, showcasing its steady market presence.Centric Software offers comprehensive Product Lifecycle Management (PLM) solutions that assist companies in fashion, retail, and consumer goods with efficient management of their product development processes. Their flagship product, Centric PLM, facilitates streamlined product planning, development, and cross-team collaboration, thereby enhancing operational efficiency and reducing time-to-market. Additional offerings like Centric Planning and Centric Pricing & Inventory support financial planning, assortment optimization, and automated pricing strategies. The client base includes notable brands such as Wolverine, Arc’teryx, and ASICS, with a global footprint across North America, Europe, and Asia.Centric Software primarily generates revenue through subscription-based models tailored to client needs, which range from small businesses to large enterprises. Clients engage via annual contracts that allow access to Centric’s suite of products, including Centric PLM and Centric Visual Boards. The company operates mainly through B2B transactions, where retail clients utilize Centric’s technology for enhanced product development and marketing. Additionally, partnership models with stakeholders in the fashion and retail supply chain contribute to steady revenue through service agreements and product updates.Centric Software aims to innovate further by introducing new products and enhancing existing offerings. The company plans to leverage the funding from its recent acquisition to accelerate the development of these innovations. Centric is also targeting expansion into new geographic regions, focusing on increasing its market presence in Europe and Asia by 2024. The acquisition by Dassault Systemes will enable Centric to capitalize on synergies and drive growth, aligning with its strategic vision of delivering tailored solutions for its clientele.

## Funding rounds

- Series D, Jun 3, 2014, $12M — Oak Investment Partners, Silver Lake, Masthead Venture Partners, Fung Capital Asia Investments Limited
- Series C, Dec 5, 2012, $12M — Oak Investment Partners, Masthead Venture Partners
- Series C, May 3, 2012, $5M — Oak Investment Partners, Masthead Venture Partners
- Series C, Feb 16, 2011, $7.5M — Oak Investment Partners, ABS Ventures, Masthead Venture Partners
- Series B, Jan 15, 2008, $15M — Oak Investment Partners, BancBoston Capital - PEP, Masthead Venture Partners
- Series A, May 11, 2005, $10M — Oak Investment Partners, BancBoston Capital - PEP, Boston Capital Ventures, Masthead Venture Partners
- Series A, Sep 30, 2004, $23M — Oak Investment Partners, Boston Capital Ventures, Masthead Venture Partners
- Series D, Oct 6, 2000, $30M — Kline Hawkes & Co, KKR, BancBoston Capital - PEP, ABS Ventures, Boston Capital Ventures, Seacoast Capital

## Investors

- Kline Hawkes & Co (https://capitalatlas.ai/funds/kline-hawkes-co) — Series D
- KKR (https://capitalatlas.ai/funds/kkr) — Series D
- BancBoston Capital - PEP (https://capitalatlas.ai/funds/bancboston-capital-pep) — Series D, Series A, Series B
- ABS Ventures (https://capitalatlas.ai/funds/abs-ventures) — Series D, Series C
- Boston Capital Ventures (https://capitalatlas.ai/funds/boston-capital-ventures) — Series D, Series A
- Seacoast Capital (https://capitalatlas.ai/funds/seacoast-capital) — Series D
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series A, Series B, Series C, Series D
- Masthead Venture Partners (https://capitalatlas.ai/funds/masthead-venture-partners) — Series A, Series B, Series C, Series D
- Silver Lake (https://capitalatlas.ai/funds/silver-lake) — Series D
- Fung Capital Asia Investments Limited (https://capitalatlas.ai/funds/fung-capital-asia-investments-limited) — Series D