January 27 (SeeNews) - San Francisco-headquartered global software engineering firm HTEC said it has secured a $140 million (124 million euro) investment from U.S.-based equity investment firm Brighton Park Capital to finance expansion to new markets.
"The financing will enable HTEC to further scale its product design and deep technology engineering capabilities through acquisitions and accelerate organic growth in new markets," the company, founded in Serbia in 2008, said in a statement earlier this week.
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Brighton Park's investment is among the largest initial funding rounds by dollar value recorded in Europe this past year, HTEC noted.
"Brighton Park's backing is a testament to the hard work of our employees and transformative value we are providing to customers," HTEC CEO Aleksandar Cabrilo noted.
HTEC now employs over 1,000 people globally across offices in the US, UK, Australia, Netherlands, Sweden and 16 development centres in Southeast Europe to deliver digital products and platforms across domains including Healthcare, Retail, Transportation and Mobility, Logistics, FinTech, Green Energy, Media and Deep Technology.
($ = 0.882902 euro)