SteelBrick

  • Salesforce paid $110M for BeyondCore, made $4B+ in acquisitions in 6 months

    Salesforce paid $110M for BeyondCore, made $4B+ in acquisitions in 6 months

    Salesforce may have missed out on buying LinkedIn, but it has had a whopper of an acquisitions spree so far this year anyway. The enterprise cloud and CRM services company put down over $4 billion to buy eight startups in areas like workplace productivity, machine learning and e-commerce solutions, according to the company’s 10-Q filed with the SEC today. The majority of that $4… Read More

  • Marc Benioff Offers Some Insight Into Thinking Behind SteelBrick Purchase

    Marc Benioff Offers Some Insight Into Thinking Behind SteelBrick Purchase

    When Salesforce announced it was buying quote-to-cash vendor SteelBrick for $360 million at the end of last year, it came as a surprise. CEO Marc Benioff offered some insight into why he made the purchase at today’s Salesforce Lightning CRM launch event. The move has to be seen in the context of comments made at a Dreamforce press event last fall with Keith Block, who was named COO today. Read More

  • Salesforce Announces Latest Lightning CRM Release With SteelBrick Integration

    Salesforce Announces Latest Lightning CRM Release With SteelBrick Integration

    This afternoon at a big presentation in San Francisco, Salesforce announced a new version of the Lightning CRM platform that includes built-in Wave analytics, intelligent email from its RelateIQ purchase in July, 2014 and configure-price-quote features from its SteelBrick acquisition at the end of last year. In addition, the company announced a new built-in phone tool which allows sales people… Read More

  • Apttus CEO Kirk Krappe Chats Candidly About 2016 Exit

    Apttus CEO Kirk Krappe Chats Candidly About 2016 Exit

    In a frank conversation with TechCrunch last week, Apttus CEO Kirk Krappe talked about his company’s exit strategy, which could come to a head in the not-too-distant future. Krappe believes his company is in a good position to IPO or sell — possibly to Salesforce if it’s interested — some time later this year. “We will be IPOing this year. That may be a… Read More

  • Salesforce Grabs Quote To Cash Vendor SteelBrick for $360 Million

    Salesforce Grabs Quote To Cash Vendor SteelBrick for $360 Million

    They say there’s not supposed to be much M&A action the week of Christmas, but Salesforce apparently didn’t get the memo, picking up quote-to-cash vendor SteelBrick today for $360 million. According to the 8-K form Salesforce filed with the SEC, the deal is for $360 million in stock, less the $60 million SteelBrick has in cash, but not including Salesforce’s investment… Read More

  • SteelBrick Snags $48 Million As Quote-To-Cash Stays Hot

    SteelBrick Snags $48 Million As Quote-To-Cash Stays Hot

    SteelBrick, the quote-to-cash cloud service aimed primarily at small- and mid-market companies, announced a $48 million Series C round today. Quote-to-cash, as the name implies, is the part of the sales cycle that takes over once you have an interested customer. While CRM tools like Salesforce.com and Microsoft Dynamics provide a way to maintain the basic customer record, a… Read More

  • SteelBrick Nabs Missing Billing Piece With Invoice IT Acquisition

    SteelBrick Nabs Missing Billing Piece With Invoice IT Acquisition

    SteelBrick, the company that provides configure, price and quote (CPQ) software built on top of Salesforce.com’s Salesforce 1 platform, announced today that it was buying Invoice IT, an online billing company based in England. The terms were unavailable, but it was heavily weighted toward equity over cash, according SteelBrick CEO Godard Abel. Both parties are betting on a joint company… Read More

  • Emergence Backs SteelBrick’s Technology For The New, Mobile Salesforce

    Emergence Backs SteelBrick’s Technology For The New, Mobile Salesforce

    Just a few months after acquiring the pricing and quote-check software developer SteelBrick in a $5 million transaction, Godard Abel, the serial entrepreneur behind BigMachines and G2 Crowd, has brought in $6.5 million in new financing from Emergence Capital Partners for his latest venture. Read More