Apttus and Conga merger combines two SaaS leaders
Apttus, a provider of quote-to-cash (QTC) solutions, and Conga, a provider of digital document transformation solutions, are joining forces a new company focused on digital transformation for commercial operations. 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 operating under the Conga brand.
The new company combines two SaaS leaders with roughly $400 million in GAAP revenue spread across a unique product portfolio that includes configure-price-quote (CPQ), contract lifecycle management (CLM), document generation, process automation, and e-signature.
Frank Holland, previously the CEO of Apttus, will lead the go-forward company as CEO and Matthew J. Schiltz, former CEO of Conga, will join the company's board of managers. 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 executive team will consist of individuals from both companies.
"Apttus and Conga are people-first businesses with core values that fit together seamlessly, and both are fueled by an inherent drive to succeed," said Holland. "Combined, we'll continue to deliver the same dedication to customer service, innovation and culture as we have in the past. Our mission remains resolute—to ensure customer success and unmatched world-class products and services. Now, we'll do it together."
For more information, go to www.conga.com.