Click here to close now.




















Welcome!

News Feed Item

Apttus Delivers 100 Percent GAAP Revenue Growth for the Second Consecutive Year

Growth in 2013 Fueled by Wide Adoption of Company's Quote-to-Cash Automation Solutions on the Salesforce Platform

SAN MATEO, CA -- (Marketwired) -- 01/27/14 -- Apttus, the category-defining Quote-to-Cash solution provider, today announced 100 percent GAAP revenue growth for the second consecutive year. Company growth is driven by wide adoption of Apttus' Quote-to-Cash automation solutions including Configure Price Quote (CPQ), Contract Management and Revenue Management.

"It is truly an outstanding achievement for a SaaS-based business such as Apttus to repeatedly deliver 100 percent revenue growth. I am extremely proud of the team at Apttus. Our commitment to customers to provide solutions with enterprise class capability, delivered rapidly and for the best value possible, has been fundamental to our success," said Kirk Krappe, CEO of Apttus. "With exciting advancements in Apttus' Quote-to-Cash solutions coming soon, I'm confident we are poised for another tremendous year in 2014."

View Apttus CEO Kirk Krappe's interview on the future of Quote-to-Cash here:
http://www.apttus.com/solutions/quote-to-cash/#video

FY2013 Success Highlights

  • 62 new enterprise customers drive Apttus' 100 percent GAAP revenue growth for second consecutive year.

  • Completion of a Series A funding round of $37 million from growth equity firms K1 Capital, ICONIQ Capital and salesforce.com.

  • 120 percent increase in headcount from 2012.

  • FYQ4 new customer highlights include addition of several global customers across a broad range of industries including a worldwide retail brand, leading Europe-based logistics and transport company and a global high-tech manufacturer.

  • Apttus EMEA office expands support for European customers with increase in UK -based professional services team.

  • Completion of global deployments for several customers including NXP Semiconductor, HP, IMS Health Inc., BMC Software and Ceridian HMC.

  • Apttus selected to participate in Salesforce1 AppExchange Accelerate program to fuel the next wave of enterprise ISVs delivering social, mobile and connected cloud apps on the Salesforce1 Customer Platform.

  • Apttus' customer and industry conference, Accelerate 2013, successfully engaged more than 600 professionals in sales, legal, finance and operations in a sold out industry event dedicated to customer success and product innovation in Quote-to-Cash solutions.

  • Platinum sponsorship of Salesforce Dreamforce'13 with four booths, presenters in more than ten sessions, an Apttus dedicated customer lounge and joint sponsorship with Apttus partners of multiple conference events.

  • Apttus expands leadership team with addition of world-class executives and industry experts in global customer excellence, professional services, finance and marketing.

  • Apttus wins total of seven industry awards in 2013 including the Best in Biz Award for Enterprise Product of the Year.

Tweet This: @Apttus delivers 100% GAAP revenue growth for second consecutive year and sees wide adoption of its Quote-to-Cash solutions. http://bit.ly/KXJEoi

Additional Resources

About Quote-to-Cash

Apttus solutions represent a paradigm shift in automating the complete Quote-to-Cash process including configure price quote, contract management, and revenue management. Typical solutions are siloed and require extensive integration between multiple systems. Apttus' Quote-to-Cash applications are delivered as a service on the most trusted and comprehensive cloud platform and significantly impact revenue maximization through optimizing deals, improving enterprise collaboration and streamlining sales automation processes. Additionally Apttus' patent pending technologies increase user adoption and usability.

About Apttus

Apttus delivers Quote-to-Cash, category-defining software that drives the vital business process between the buyer's interest in a purchase and the realization of revenue. Apttus is delivered on the Salesforce Platform, the world's most trusted and comprehensive cloud delivery infrastructure. Applications include Configure-Price-Quote (CPQ), Proposal Management, Renewals, Contract Management and Revenue Management. Additionally, Apttus' patent pending X-Author technology enables Microsoft Office to be a user-interface with full interaction and control between Salesforce and Microsoft Office. Apttus is based in San Mateo, California, with additional offices in London, UK and Ahmedabad, India. For more information visit: apttus.com.

Trademark footnote: All corporate names and trademarks are the property of their respective companies.

This news release contains forward-looking statements that reflect the Company's expectations with regard to future events. Actual events could differ significantly from those anticipated in this document.

Media Contact:
Tracey Workman
LEWIS PR for Apttus
415-432-2400
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Scrum Alliance has announced the release of its 2015 State of Scrum Report. Almost 5,000 individuals and companies worldwide participated in this year's survey. Most organizations in the market today are still leading and managing under an Industrial Age model. Not only is the speed of change growing exponentially, Agile and Scrum frameworks are showing companies how to draw on the full talents and capabilities of those doing the work in order to continue innovating for success.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at @DevOpsSummit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, presented a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mocku...
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Graylog, Inc., has added the capability to collect, centralize and analyze application container logs from within Docker. The Graylog logging driver for Docker addresses the challenges of extracting intelligence from within Docker containers, where most workloads are dynamic and log data is not persisted or stored. Using Graylog, DevOps and IT Ops teams can pinpoint the root cause of problems to deliver new applications faster and minimize downtime.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.