Stream Energy: A Reliable Company in Times of Disaster

Disasters around the world are becoming more serious, and as the threat from climate change continues to be realized by the majority, hurricanes, typhoons, and cyclones are becoming more powerful. In 2017, Texas experienced one of the most devastating hurricanes on record – Hurricane Harvey, unleashing powerful winds and torrential rains which wreaked havoc all over the state. The coastal communities facing the Gulf of Mexico in eastern Texas are the ones who experienced the worst, as surging wall of waters crashed into their homes, destroying billions worth of properties. Inland, the torrential rains from the hurricane swept communities, and flash floods destroyed crops and properties, leaving people stranded on the top of their roofs, asking for help.

Businesses in Dallas were quick to respond, providing rescue and relief to those who were affected. Stream Energy is among those who stepped up and used their corporate funds to help those who are stranded in their flooded homes and provide relief to the survivors who are staying in shelters. Right after the disaster hit, Stream Energy commanded its philanthropic arm, called Stream Cares, to visit the areas that were hit the hardest. The company also brought food packs and water, giving them to those who wanted to eat. The hurricane left many people without supplies, and Stream Energy provided everything that they need. They even donated $20,000 to organizations to ensure that the people will keep on receiving supplies for days and even weeks.

Stream Energy also stated that the company will be assisting those who have lost their homes to file claims so that they could rebuild. The flow of electricity in Texas was also interrupted by the hurricane, and the energy company will be working overtime to fix it.

Hurricane Harvey will always be in the minds of the survivors, creating a dark memory about the reality facing the world today. Scientists are even warning that Hurricane Harvey is just the tip of the iceberg, and more powerful hurricanes are yet to come. Stream Energy assured that no matter what kind of disaster would hit, they would always extend an arm to help everyone.

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HGGC increases investment in FPX

After acquiring FPX in April 2016, HGGC has announced that it is increasing its investment in the company to allow it to expand to the global market. The amount was not disclosed, but it was said that FPX would use it to speed up the development of products and fin new strategic partnership through the increase of its channel. This is a globally renowned leader in enterprise solutions. Following the announcement, the company is set to roll out new operations that will shake up its structure with the aim of ensuring that they meet their new expectations. Analysts are waiting to see how everything will shape up.

Many years of investment

For many years, HGGC has been investing in companies that compete in the markets for digital commerce platforms. They also invest in companies that are in related applications. The company has recorded over $15 billion in transactions over the years that it has been investing in various ventures. It is a privately owned equity company, but it has been behind some of the most significant investments. For instance, they are the reason Selligent and MyWebGrocer are successful companies today. Despite their fantastic record in the industry, they still look for new partners for more investments.

A global expansion program

While announcing the deal, FPX Chief Executive Officer said that they were happy with the funding from HGGC and that now, they will be on the cusp of achieving an opportunity to be the dominant player in the CPQ market. He said that they had carefully analyzed all vendors in this industry and concluded that they are the only ones with the capacity to become market leaders. He said that their advantage is backed by their expertise, product capability, vision, domain expertise and talent.

Before the funding from HGGC, FPX had experienced a period of prolonged growth. For example, they expanded to Europe and opened a headquarters in Munich, Germany. In addition to that, they have operations in London, UK. The international management team was strengthened through the hiring of new senior executives who are tasked with ensuring that the global expansion programs remain on schedule and achieves the goals of the company.

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