Software as a Service provider Apttus gave a boost to its quote-to-cash solution this week with a $41 million financing round, led by Salesforce.com's investment group Salesforce Ventures. Previous investors K1 Capital and Iconiq Capital also participated in this Series B financing round.
Apttus solutions are built on top of, and have benefited greatly from the Salesforce1 platform and customer base. The company claims to have been on the Salesforce1 platform longer than any other company in the ecosystem. Its robust set of products across the complete sales cycle have been adopted by numerous global 1000 companies and allowed it to grow since 2006 with only two financing rounds in the past 2 years for a total of $78 million.
The recent financing will help further sales efforts, expand globally, and perhaps lead to an eventual IPO or sale to Salesforce.com.