Last October 15, HGGC announced about their very latest merger agreement with Mi9 Retail.The HGGC portfolio company in software for grocery and consumer packaged goods industries called My Web Grocer will collaborate with Mi9 to bring better services to their many clients. The latter is the number one provider of software solutions for retail types of businesses, and they are all set to do the same for HGGC . On top of this, two well-known investors in Mi9 will be joining the collaboration as well. These two are called the General Atlantic and Respida companies.
Because of these recent developments, HGGC is at an all time high. With their expansion programs, they are left with no recourse but to hire more people to get things done. Just recently, they promoted ten of their old staff to much higher positions because management could see that they are ready to accept the challenge. Apart from that, they hired five more people to help with the growing demands of their company that has only grown by leaps and bounds because of their long list of strategic investments.
The My Web Grocer is slated to bring new e-commerce strategies to the table. On top of that, they are all set to impart new management strategies for the benefit of the company because more staff members mean dealing with various types of personalities and having to manage them all, so they can work harmoniously for the benefit of the company.
In the meantime, Mi9 will be providing HGGC the very important help they need, especially with topics dealing with demand, price, and promotions management and analytical solutions for retailers. Once the merger is finally completed, this is set to power the retail operations for more than five hundred prominent brands. These brands include worldwide hit sensations like Nike and Levi’s, which is expected to bring in several billions of dollars in revenue.
The co-founder and current CEO of HGGC by the name of Rich Lawson cannot help but gush about this partnership. He said everyone on their team is looking forward to this prolific partnership with Mi9 Retail management team. The latter is set to help them execute the company’s missions and visions. They are set to revolutionize the retail industry by helping the staff find their footing The main goal is to apply more innovative technologies.