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in 2016, the company never went public before being acquired by Thoma Bravo. 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. Thoma Bravo took a majority stake
265:
financing from a group of investors including K1 Capital, ICONIQ, and
Salesforce. 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
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employee. Other allegations accused Krappe of presenting misleading data on Apttus’ size and financial health, and at the time of the report, there were “several” sexual harassment claims underway, as well as three lawsuits over the financial misrepresentation issues.
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Apttus (the former name of Conga) was founded in 2006 by Kirk Krappe, Neehar Giri, and Kent
Perkocha. The three co-founders reportedly developed the company from ideas written down on napkins in a
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907:"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"
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and misrepresentations of the company's financial performance. The allegations, which became public on
November 1, 2018 with the publication of a
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purchased a majority stake in Apttus. This resulted in significant turnover in the executive ranks, as Thoma Bravo installed a new
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254:. Krappe served as the company's first CEO, with Giri as Chief Solutions Officer and Perkocha as Chief Customer Officer.
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In July 2018, Krappe departed Apttus with little warning, a move later reported to have been driven by accusations of
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investigative piece, highlighted a company sales retreat at the One&Only
Palmilla resort near
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and adopted its name for trading. The deal was valued at $ 715 million USD.
297:, Vice President of Finance, and Corporate Controller by the end of 2018.
600:
341:, during which Krappe reportedly sexually assaulted a 26-year-old female
190:
759:"How The Steelbrick Acquisition is Changing the Quote-to-Cash Landscape"
631:"Apttus executive shakeup continues with exit of chief strategy officer"
274:
in Apttus in
September 2018. The cost of the purchase was not revealed.
204:
The company provides what it calls “middle office” solutions, utilizing
858:"Conga Acquires Contract Wrangler, further expanding its CLM footprint"
261:
and took no outside funding until 2013, when it raised $ 37 million in
216:
management. Apttus’ software was originally developed to leverage the
24:
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may have been created or edited in return for undisclosed payments
809:"Thoma Bravo buys majority stake in Apttus in unexpected ending"
710:"Thoma Bravo buys majority stake in Apttus in unexpected ending"
208:
to optimize various financial and commercial functions, such as
18:
367:"About Apttus | The Leading Quote-to-Cash Software Provider"
656:"Apttus: The Story Behind The Popular Quote-To-Cash Giant"
40:. It may require cleanup to comply with Knowledge (XXG)'s
577:"Apttus CEO Kirk Krappe Chats Candidly About 2016 Exit"
947:
Software companies based in the San
Francisco Bay Area
165:
833:"Apttus buys Conga and takes its name in $ 715m deal"
391:"Apttus Launches New Cloud-Based E-Commerce Service"
440:"What Does Conga (Formerly Apttus) Do | Scalefocus"
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121:
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87:
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496:"Salesforce native Apttus ports its apps to Azure"
269:Despite publicly discussing the likelihood of an
223:platform, but it has since been integrated with
734:"Apttus scores $ 55M as it closes in on an IPO"
472:"Apttus: A Cloud Giant From Virtually No Money"
784:"Salesforce's Success Rides on One Man's Gut"
8:
550:"Apttus and Conga to merge and become Conga"
64:
522:"Apttus Omni adds IBM Cloud to its stack -"
416:"Kirk Krappe, CEO of Apttus | Industry Era"
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952:Companies based in San Mateo, California
992:Software companies of the United States
355:
315:, Further Expanding Its CLM Footprint.
277:In September 2018, private equity firm
117:Neehar Giri, Kent Perkocha, Kirk Krappe
942:Software companies established in 2006
937:American companies established in 2006
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234:In May 2020, Apttus merged with
221:customer relationship management
23:
635:Silicon Valley Business Journal
311:In August 2021, Conga acquired
882:"Private equity's #MeToo woes"
1:
982:2018 mergers and acquisitions
302:contract lifecycle management
236:contract lifecycle management
199:Contract Lifecycle Management
997:Contract management software
972:Financial software companies
629:Stangel, Luke (2018-12-20).
548:Brooks, Steve (2020-05-11).
967:Business software companies
300:In May 2020, Apttus bought
195:business process automation
101:; 18 years ago
1013:
807:Miller, Ron (2018-09-04).
782:Grant, Nico (2019-05-23).
520:Murphy, Ian (2018-05-17).
212:, revenue management, and
957:Cloud computing providers
193:provider specializing in
16:American software company
271:initial public offering
206:artificial intelligence
788:Bloomberg Businessweek
146:, ecommerce management
82:Privately held company
46:neutral point of view
420:www.industry-era.com
343:business development
295:Chief People Officer
242:and took its name.
188:business-to-business
126:Broomfield, Colorado
291:Chief Legal Officer
144:contract management
91:Enterprise software
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962:Cloud applications
177:Apttus Corporation
140:revenue management
65:Apttus Corporation
905:Peterson, Becky.
680:"K1 exits Apttus"
601:"Management Team"
313:Contract Wrangler
304:(CLM) specialist
238:(CLM) specialist
186:, is an American
181:doing business as
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397:. 18 June 2014
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53:December 2020
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32:This article
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686:. 2018-10-03
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122:Headquarters
78:Company type
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38:terms of use
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319:Controversy
279:Thoma Bravo
155:Thoma Bravo
977:Salesforce
931:Categories
916:2019-06-27
891:2019-06-27
867:2022-11-19
843:2022-11-19
818:2020-03-05
813:TechCrunch
793:2019-06-28
768:2019-06-27
743:2019-06-27
738:TechCrunch
719:2019-06-27
714:TechCrunch
690:2019-06-27
665:2019-06-27
640:2019-06-28
610:2019-06-27
586:2019-06-27
581:TechCrunch
559:2022-11-19
531:2019-06-27
506:2019-06-27
500:diginomica
481:2019-06-27
449:2022-11-19
425:2019-06-27
401:2019-06-27
376:2019-06-27
350:References
218:Salesforce
214:e-commerce
231:as well.
229:IBM Cloud
263:Series A
191:software
136:Services
88:Industry
70:Formerly
246:History
161:Website
114:Founder
104: (
96:Founded
684:PE Hub
660:Forbes
605:APTTUS
476:Forbes
371:APTTUS
339:Mexico
266:2016.
166:apttus
73:Apttus
886:Axios
395:eWEEK
306:Conga
240:Conga
184:Conga
151:Owner
227:and
197:and
168:.com
106:2006
99:2006
337:in
287:CFO
283:CEO
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