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.
CRM giant Salesforce is working to fortify the quoting and billing functions of its software platform. To do so, the customer CRM company just bought SteelBrick. Financial terms of Salesforce’s acquisition of the six-year-old startup were not disclosed in the announcement. But the technology giant’s regulatory filing reveals the deal is worth $360 million. That’s about half […]
Autodesk recently acquired Configure One, a Chicago-based provider of Configure, Price, and Quote (CPQ) software. Terms of the transaction were not disclosed. Read more about it here and here.