Gartner estimates the CPQ application suites market was $570M in 2015, attaining 20% year-on-year growth between 2014 and 2015. Cloud-based CPQ revenue was $157M in 2015, attaining 46% year-over-year. Gartner predicts CPQ will continue to be one of the hottest enterprise apps for the foreseeable future, predicting a 20% annual growth rate through 2020 with […]
Tacton Systems today announced that it has entered into a definitive agreement to acquire Lumo Graphics GmbH. Lumo Graphics, based in Karlsruhe, Germany, provides software for 3D configuration visualization management and high-quality 3D visualization embedded in the CPQ tool. Read more about it here.
When Salesforce acquired Steelbrick last year, many in the technology community were a little aghast. Salesforce was a big investor in Apttus, a company with a similar product focus to Steelbrick. Before the deal, many suggested that Apttus was a Salesforce acquisition target and industry rumors suggests that there were, in fact, acquisition discussions but that […]
Steelbrick is now officially renamed Salesforce CPQ. Read more here.
Tacton, a CPQ company, appoints Frederic Laziou as CEO. Former CEO Christer Wallberg will join Tacton’s Board of Directors as Executive Vice Chairman of the board. Read more about it here.
HGGC, a middle market private equity firm, today announced that it has completed the acquisition of FPX, a SaaS company and provider of Configure-Price-Quote (CPQ) applications. As part of the transaction, senior FPX management has reinvested their proceeds from the sale and retained a significant minority stake in the business. Terms of the private transaction […]
An anticipated strong growth rate and increasing request and market for Configit products is causing Configit to look for 100 new employees within the next year to its global offices in Denmark, Germany, UK, US, India and China. Read more about it here.
PROS today announced financial results for the fourth quarter and full year ended December 31, 2015. For the year ended December 31, 2015, GAAP revenue was $168.2 million, a 9% decrease from $185.8 million for the full year 2014. GAAP operating loss was $55.5 million, compared with $22.4 million for the full year 2014. GAAP net loss […]
Today, Polaris Private Equity (”Polaris”) acquired 65% of the shares in fast- growing Danish software company Configit A/S. The company has tripled its revenue in the recent three-year period, and Polaris aims to continue Configit’s current growth and globalisation. The company’s former owners – IT and telecom entrepreneur Michael Moesgaard Andersen and Configit’s founders, CEO […]
When Salesforce announced its $300 million acquisition of SteelBrick at the end of last year, one could almost hear the groans from those vendors who are both SteelBrick competitors and a part of the broader Salesforce ecosystem. Read more about it here.