Warburg Pincus to invest $130m in Conexiom.

Warburg Pincus to invest $130m in Conexiom, a developer of cloud-based automation software. Warburg Pincus is joining existing investors Luminate Capital, who retains a majority stake, and ICONIQ. "Conexiom's customers face growing challenges that are accelerating the need for automation solutions. Our platform is mission critical to our customers, helping them automate and scale their order to cash and procure to pay processes. This investment is great validation of our people, platform and market leadership and will help us accelerate product investment to meet growing market demand," Ray Grady, Conexiom President and CEO.