Apttus is a global provider of the leading Middle Office platform that allows enterprises to automate and optimize their most critical revenue and commercial relationship management processes. For example, the manual processes that were once conducted in-person and in-office came to an abrupt halt when the pandemic hit and we found ourselves limiting face-to-face contact and working from home. More recent acquisitions have added AI-powered contract analysis, digital process orchestration and trackable document sharing, while in-house development produced an e-signature add-on. It’s a time when many are stepping away from opportunities like this. SAN MATEO, Calif., May 7, 2020 —Apttus, the leader in quote-to-cash (QTC) solutions, and Conga… This broadened its footprint beyond the original Salesforce-native Conga Composer, which connects data from Salesforce into automated document creation and workflows. Thoma Bravo has engineered the merger of Conga and Apttus. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC), Configure, Price, Quote (CPQ), and Contract Lifecycle Management (CLM) solutions. First came an expansion into traditional contract lifecycle management (CLM) with the acquisition of Novatus in 2016. Two of Salesforce's earliest ISV partners joined forces last week when quote-to-cash vendor Apttus acquired contract lifecycle management specialist Conga in a deal said to be valued at $715 million. The go-forward company will operate under the Conga brand. Apttus, a provider of quote-to-cash (QTC) solutions, and Conga, a provider of digital document transformation solutions, are joining … What is a merge field? “Apttus and Conga are people-first businesses with core values that fit together seamlessly, and both are fueled by an inherent drive to succeed. The combining of these two powerful companies creates a leader in mission critical business … Our new company was created on May 7, 2020 with the merger of Conga and Apttus. How CIO Praniti Lakhwara is leading the way for Conga and women in tech. This deal creates a big beast in the Salesforce ecosystem — almost certainly the largest Salesforce-native ISV in revenue terms (Apttus never made much progress with its Microsoft-based offering) — and answers the immediate question of what happens next with Apttus, while raising further questions about what follows. Merge Fields. On May 7 th, San Mateo-based Apttus agreed to buy Denver-based Conga for an estimated $715 million.Conga … Conga … Given that the combined business is quoting a similar number of customers and yet a $400 million run rate, it's clear that Conga brings the volume business into the merged entity while Apttus brings just a few hundred six- and seven-figure contracts. Enlarge. That’s where we step in. The result is what Conga calls end-to-end digital document transformation (DDX) — automated digital collaboration that shepherds a core set of data throughout the lifecycle of interlinked commercial documents such as quotations, proposals and contracts. It too has its own CLM technology but combines that with configure-price-quote (CPQ), revenue performance management and B2B e-commerce to service a customer base of global manufacturing, technology and services companies. SAN MATEO, Calif., May 7, 2020 /PRNewswire/ -- Apttus, the leader in quote-to-cash (QTC) solutions, and Conga, the leader in Digital Document Transformation today announced the two … Apttus and Conga merger combines two SaaS leaders. So why has the acquisition happened now? May 19, 2020 Ambrogio Visconti. The executive team will consist of individuals from both companies. What is better Conga Contracts or Apttus Contract Management? Conga will set the standard for how companies -- including its now well over 10,000 enterprise and mid-market customers -- will operate their business to be ready for the challenges of tomorrow. Looking for a great paid job opportunity at Apttus in Texas? But with the addition of Apttus, the price tag for bringing Conga into the Salesforce fold has risen sharply, making that unlikely to happen in the near future. When I spoke to Conga at the time of its annual conference in early March — one of the last tech industry conferences to take place before the pandemic shutdown made such gatherings impractical — the company was saying that it had more than 11,000 customers and revenues at an annual runrate above $100 million. Solve the revenue process and improve business outcomes with our support. Conga Composer lets you customize and format template documents with special merge fields. Now, we’ll do it together.” -- Frank Holland, Chief Executive Officer, Conga, “Digital transformation is critical to long-term success. SAN FRANCISCO and SAN MATEO, CA – September 4, 2018 – Thoma Bravo, a leading private equity investment firm, today announced that it has signed a definitive agreement to acquire a majority interest in Apttus, … Deutsche Bank Securities Inc. served as the Direct Lending Financing Provider and exclusive M&A advisor and Kirkland & Ellis served as legal advisor for Apttus. This is done using {{TableGroup}} and {{TableGroupStart}} special merge fields. Former Conga CEO Matthew Schiltz, who was appointed after the Insight acquisition and is now stepping back to join the merged company's Board of Managers, provides an explanation for the timing in a Conga blog post on the deal: Our companies combining comes at a unique time. Above all, it's a great hedge. Apttus, a provider of quote-to-cash (QTC) solutions, and Conga, a provider of digital document ransformation technology, are merging, and both will operate under the Conga brand. Learn more at www.conga.com or follow Conga on Twitter: @getconga. Apttus partners with a world-class ecosystem. The disappearance of the Apttus brand is perhaps unsurprising in view of the circumstances surrounding the Thoma Bravo acquisition. The Conga brand is the one with the biggest reach. Schiltz is right to say that the current pandemic and lockdown will spur more investment in the kind of automation that Conga offers. Thoma Bravo acquired Apttus … Read now. This isn't your first rodeo, but there's more work to be done. Apttus acquired Conga and will combine the firms under the Conga name, according to a press release, which states: The new company combines two SaaS leaders with roughly $400 million … Nikitas Koutoupes, Managing Director at Insight Partners, the majority stakeholder in Conga, will also join the Board of Managers. Thoma Bravo remains the lead strategic investor and Insight Partners will retain a material ownership stake in the company and remain an active partner. The race to automate content is on, and late last week, two major providers decided to merge. by Jim Lundy. Given that Apttus already had its own CLM technology, the point of the acquisition seems to be to broaden its customer base. Repeating Rows within a Table or List. Sep 4, 2018. The new admin console is launched. We are here to simplify the whole process of reviewing Contract Lifecycle Management Software products for you. Figuring out how all the pieces fit together on your transformation journey. San Mateo, Calif. (May 7, 2020) - Apttus, the leader in quote-to-cash (QTC) solutions, and Conga, the leader in Digital Document Transformation today announced the two companies are joining forces to create the leader in digital transformation for commercial operations. The combining of these two companies creates a leader in mission-critical business process … Conga continually sets the standard for Digital Document Transformation (DDX). 2 min read. About Conga/Apttus Our new company was created on May 7, 2020 with the merger of Conga and Apttus. Apttus and Conga announced that they are joining forces to create the leader in … Together as Conga, we’ll be able to provide a complete digital transformation solution for commercial excellence to meet our clients’ needs today, paired with unparalleled partnership to guide them to where they need to be tomorrow.” -- Matthew J. Schiltz, Board of Managers, Conga, “The combination of Apttus and Conga, two leaders in business process transformation, creates a new company with significant scale, a unique set of complementary product offerings and a highly skilled management team with an impressive track record of success. Transform revenue operations and navigate business complexity with Conga’s end-to-end solutions. You are enterprise grade. Shortly before the deal was announced, founding CEO Kirk Krappe had left the high-flying company abruptly. Expand your knowledge and gain insights from our commercial operations transformation experts. The transaction creates a leader in mission critical business process solutions, allowing both small and large enterprises to modernize revenue generation and manage key relationships. The recent merger of Conga and Apttus creates a major player in the software industry that offers solutions to solve many modern organisations’ problems. Create, manage, and share documents that engage. Together, the new Conga is poised to provide the most complete offering in the market to digitally transform the foundational elements of business -- documents like quotes, contracts and the processes that surround them -- to achieve commercial excellence. Combined, we’ll continue to deliver the same dedication to customer service, innovation and culture as we have in the past. We are excited to continue our partnership with Frank Holland and the combined senior leadership team, and look forward to supporting the go-forward company’s aggressive growth aspirations.” -- Holden Spaht, a Managing Partner at Thoma Bravo. Use Conga Mail Merge to generate hundreds of printable letters, labels, and envelopes at once. Conga and Apttus each proved the truth of that early boast, initially bootstrapping their businesses until they separately reached a size that attracted external investment. On App Menu, click Apttus CPQ Admin and then click the CPQAdmin tab. Insight remains an investor in the combined venture, which takes the Conga name and will be led by Frank Holland, brought in as CEO of Apttus after the Thoma Bravo takeover. Continual improvement is the name of the game. As well as its Salesforce-native applications, Apttus also developed versions that ran natively on Microsoft's Azure and Dynamics platforms. Solutions to you: meet one-on-one with our experts. Qatalyst Partners served as exclusive financial advisor and Willkie Farr & Gallagher as legal advisor to Conga. Willkie Farr & Gallagher represented Conga in the transaction. Today marks the beginning of an incredible journey for Conga, our customers, partners and employees. About Conga/Apttus Our new company was created on May 7, 2020 with the merger of Conga and Apttus. Our new company (Conga) was created on May 7, 2020 following the merger of Conga and Apttus. About Conga/Apttus. There aren’t many maxims when it comes to database management, but I’d like to offer at least one truth: a clean database is a happy database. Apttus and Conga can both trace their stories back to the earliest days of Salesforce AppExchange, when the cloud CRM giant first boasted that a new generation of software companies would build their offerings natively on its platform. Now Thoma Bravo, the private equity investor whose intervention in September 2018 snuffed out Apttus's dreams of a blockbuster IPO, has snapped up Conga too, which had been acquired by private equity investor Insight Venture Partners in April 2015. Conga, one of Salesforce’s biggest AppExchange partners, has merged with Quote-to-Cash leader Apttus, in what is rumoured to be a $715 million deal. *Apttus and Conga, two pioneers in the commercial operations space, have joined forces as the all-new Conga. Apttus Corp., a company that makes software for managing work processes, agreed to acquire rival Conga, which has developed document-generation applications for customers including … While there are some similarities in the proposition, how it is sold and delivered are at opposite extremes, with Apttus being much more of a complex, big-ticket implementation while Conga is designed for ease-of-use and quick wins. If markets recover quickly, it will prove to be an astute buy. Terms of the deal are not known, but it seems like Thoma Bravo is taking the lead in the combination. For example, on this page you can examine the overall performance of Conga Contracts (8.1) and compare it with the overall performance of Apttus … 2 min read. You can set up a table so that each row of the table contains one row of the detailed data returned as a result of the report or query. The other question in my mind is, how will Salesforce react to this? About Conga/ApttusOur new company was created on May 7, 2020 with the merger of Conga and Apttus. At a time when digital transformation is more important than ever, many organizations struggle to effectively manage the foundational elements of business, resulting in customer experiences that are inefficient and disjointed. Conga Mail Merge® is an optional, free add-on to Conga Composer® that simplifies mass mailings. Conga’s end-to-end solution will empower organizations to revolutionize business operations, streamline workflows and deliver documents more effectively in the changing digital economy. The combining of these two companies creates a leader in mission-critical business process solutions, allowing both small and large companies to modernize their business processes.Together, the new Conga … Apttus’ Merger With Conga. About Conga/Apttus Our new company was created on May 7, 2020 with the merger of Conga and Apttus…/apttus-conga-form-new-technology-leader-to-digitally-tranform-commercial-operations Our … The software maker … Manage your contract lifecycle end-to-end with CLM for visibility and speed. The combining of these two companies creates a leader in mission-critical business process … Combining with Conga therefore opens up growth opportunities that will compensate for any slowdown that Apttus may have been facing in its core business, providing that the two businesses can successfully merge without customer disruption. The combination of industry pioneers to drive commercial excellence, automate core business processes and accelerate time to revenue. It positions itself as a leading player in the middle office — all of the various operations and processes that sit between customer-facing applications like CRM and the back-office ERP systems. Our new company was created on May 7, 2020 with the merger of Conga and Apttus. Change the setting to the merge webservice endpoint URL listed above or another URL provided by Conga and click Save. Read now. The Conga DDX Suite transforms day-to-day business by creating, managing and unleashing the power of everyday documents for organizations in 85 countries including AWS, GE, Hilton Worldwide and Salesforce. That disparity in deal size nevertheless emphasizes that, while these two companies offer products that substantially overlap in functionality, they target very different customer bases. If things get worse, Salesforce will need to fold CLM into its Sales Cloud to help bolster its revenues, which provides a potential exit. San Mateo, Calif. (May 7, 2020) - Apttus, the leader in quote-to-cash (QTC) solutions, and Conga, the leader in Digital Document Transformation today announced the two companies are joining … Apttus buys Conga and takes its name in $715m deal, snuffed out Apttus's dreams of a blockbuster IPO, an expansion into traditional contract lifecycle management (CLM), also developed versions that ran natively on Microsoft, Conga at the time of its annual conference, provides an explanation for the timing in a Conga blog post, Collaboration sharing and digital productivity, UK’s NHS COVID-19 tracing app will be ‘technically ready’ in 3 weeks, Contact tracing, data and the NHS - some questions answered by NHSX, Divisions over COVID-19 contact tracing tech emerge in Europe, California publishes ‘Crisis Standard’ to help authorities design services in response to Coronavirus, The effectiveness of Coronavirus tracing technology called into question as UK works to develop app, New Relic Guided Install Delivers Fast, Easy Instrumentation, Simplifies Observability, The Year Ahead for Energy: 3 Paths to Success Post-Covid-19, Coupa Named to Fast Company’s 2021 List of the World’s Most Innovative Companies, Acumatica 2021 R1: Grow Your Business with a Powerful, Flexible Cloud Platform, No Code Reimagined for Enterprises – Discover our new toolset, How organizations can enhance remote leadership in 2021, Equiniti and Netflix: Finance Transformation in the Age of Disruption, Speed and Agility: The Ultimate Guide to Continuous Planning, Discover How One Trailblazer Went from the Factory Floor to the Board Room, This International Women’s Day, Let’s Step Up and Be Role Models for Women in STEM, ASUG Best Practices: SAP S/4HANA Virtual Experience Demonstrates How to Lay the Foundation of Your Implementation, Finance 2.0: AI-Bolstered, Data-Driven Planning, Employee experience: internal help desks and the future of work, Kent County Council Switches to Rimini Street Support for its Oracle Applications and Database Software, Gov2021 showcases public sector resilience in tough times, The code to addressing tech's gender imbalance - ServiceNow Blog, How to Improve Incident Management with a DDM-Powered CMDB, 5 ways finance can become more customer-centric and strengthen relationships.
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