Click here to close now.


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:

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

  • 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.

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:

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
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
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...