FORTUNE -- Hybris Software is planning to go public in the middle of this year, Fortune has learned.
The Germany-based company plans to list in the U.S., but has yet to pick an exchange. I'm not sure who's getting top left, but participating banks are expected to include Credit Suisse (CS), J.P. Morgan (JPM) and Morgan Stanley (MS).
Hybris basically plans to position itself as Workday for the front office, with ecommerce sales and inventory management software for B2C and B2B companies (with a particular focus on the retail and manufacturing industries). Not too surprising a salespitch, given the success of Workday's (WDAY) IPO last October.
The company was created by private equity sponsor Huntsman Gay Global Capital, which first bought Canada's iCongo Inc. and then in 2011 added Munich-based Hybris for an undisclosed amount. There had been reports early last year that the company was in talks to raise around $50 million new private equity funding from tech growth equity players (Insight Venture Partners, General Atlantic, etc.), but it never came to pass.
A source familiar with the situation says that Hybris is profitable with around $100 million in 2012 revenue. That makes it much smaller than Workday at the time of IPO ($112m in revenue for first six months of 2012), but gives it better net income (WorkDay posted a $47 million net loss over the period). It also makes it slightly larger than likely comp Demandware (DWRE) at the time of its March 2012 IPO, when it reported a slight net loss on $56.5 million in 2011 revenue.
A company spokeswoman has not yet responded to a request for comment.
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Private equity firm adds lawyer as new managing partner.
FORTUNE -- Four months ago Robert Gay stepped down as CEO and managing partner of private equity firm Huntsman Gay Global Capital. The move led to layoffs, an office closure and the postponement of a new fundraising effort. Now it seems that Huntsman Gay is beginning to regroup.
Fortune has learned that longtime private equity attorney James Learner has agreed to join Huntsman MOREDan Primack - Aug 24, 2012 2:25 PM ET
Big changes for private equity firm, in the wake of their leader's departure.
FORTUNE -- Earlier this month, we reported that Bob Gay was stepping down as CEO and managing partner of Huntsman Gay Global Capital, in order to go work full-time at his church. At the time, sources said that the move was not expected to have broader implications on firm strategy or fundraising. That has changed.
Huntsman Gay has informed limited MOREDan Primack - Apr 27, 2012 10:00 AM ET
Private equity firm names CEO successor.
Yesterday we reported that Robert Gay has stepped down as CEO and managing partner of private equity firm Huntsman Gay Global Capital, in order to go work fulltime with The Church of Jesus Christ of Latter-day Saints. Here are some additional details and thoughts:
* Gary Crittenden will assume the role of CEO, Fortune has learned. Prior to joining Huntsman Gay as CFO in July 2009, Crittenden MOREDan Primack - Apr 3, 2012 10:46 AM ET
Private equity veteran leaving the business. Again.
Robert Gay is stepping down as CEO and managing partner of private equity firm Huntsman Gay Global Capital, Fortune has learned. He will go to work full-time at The Church of Jesus Christ of Latter-day Saints, where he has been called to a position titled First Quorum of the Seventy.
Gay co-founded Huntsman Gay in 2007 alongside Jon Huntsman Sr., founder of chemicals company Huntsman Corp. MOREDan Primack - Apr 2, 2012 1:10 PM ET
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