Extensibility of the platform via third-party applications and open APIĮver since Salesforce decided to invest in CPQ as a platform, they’ve gone to great lengths to ensure it’s inherited these inherent advantages that make Salesforce the best of its kind.Valuable training and certification opportunities.Comprehensive knowledge base and support community.If you were to put together a list of what else makes Salesforce great, the chances are that list would include the following: For a moment though, put its core platform capabilities and vision aside. Sure, it’s been named the leader in the Gartner Sales Force Automation magic quadrant for 13 consecutive years. To answer that, we need to take a step back and start with what made ‘Salesforce’ the right choice for you. What makes Salesforce CPQ the right choice for you? "A trip to Cabo, an allegation of sexual assault, and 'a culture of dishonesty': Inside the downfall of the founding CEO of $1.9 billion startup Apttus". "Thoma Bravo buys majority stake in Apttus in unexpected ending". "Salesforce's Success Rides on One Man's Gut". "How The Steelbrick Acquisition is Changing the Quote-to-Cash Landscape". ^ "Apttus scores $55M as it closes in on an IPO"."Apttus: The Story Behind The Popular Quote-To-Cash Giant". ^ a b "Apttus CEO Kirk Krappe Chats Candidly About 2016 Exit".
"Apttus executive shakeup continues with exit of chief strategy officer". ^ a b c "Thoma Bravo buys majority stake in Apttus in unexpected ending"."Apttus Omni adds IBM Cloud to its stack -". ^ "Salesforce native Apttus ports its apps to Azure"."Apttus: A Cloud Giant From Virtually No Money". ^ "Kirk Krappe, CEO of Apttus | Industry Era".^ "Apttus Launches New Cloud-Based E-Commerce Service".
#SALESFORCE APTUS SOFTWARE#
The 2015 acquisition of Apttus rival SteelBrick by Salesforce, an early Apttus investor, was widely blamed for Apttus’ inability to complete an IPO or find a buyer at more favorable terms.
ĭespite publicly discussing the likelihood of an initial public offering in 2016, Apttus never went public before being acquired by Thoma Bravo. By the time of its 2018 buyout, Apttus had received a total of $404 million in investment capital from five rounds of fundraising, which gave the company a valuation of approximately $1.3 billion, as of September 2016.
#SALESFORCE APTUS SERIES#
The company was bootstrapped and took no outside funding until 2013, when it raised $37 million in Series A financing from a group of investors including K1 Capital, ICONIQ, and Salesforce. Krappe served as the company's first CEO, with Giri as Chief Solutions Officer and Perkocha as Chief Customer Officer.
The three co-founders reportedly developed the company from ideas written down on napkins in a laundry room. History Īpttus was founded in 2006 by Kirk Krappe, Neehar Giri, and Kent Perkocha. This resulted in significant turnover in the executive ranks, as Thoma Bravo installed a new CEO, CFO, Chief Legal Officer, Chief People Officer, Vice President of Finance, and Corporate Controller by the end of 2018. In September 2018, private equity firm Thoma Bravo purchased a majority stake in Apttus. Apttus’ software was originally developed to leverage the Salesforce customer relationship management platform, but it has since been integrated with Microsoft Azure and IBM Cloud as well. The company provides what it calls “middle office” solutions, utilizing artificial intelligence to optimize various financial and commercial functions, such as quote-to-cash, revenue management, and e-commerce management. Revenue management, contract management, ecommerce managementĪpttus is an American business-to-business software provider specializing in business process automation. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use.
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