The key takeaways from Gartner’s 2016 CPQ application suites market guide

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 […]

Schisms in the CPQ world

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 […]

HGGC Acquires FPX

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 […]

PROS reports 2015 financial results

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 […]

Configit acquired by Polaris, a Danish private equity fund

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 […]