APTTUS

APTTUS

Apttus is an IBM Ventures co-funded global provider of the Intelligent Middle Office platform allowing enterprises to automate and optimize their most critical revenue and commercial relationship management processes. Apttus is powered by the Apttus Intelligent Cloud, a hybrid-cloud platform utilizing the most advanced technologies from Salesforce, Microsoft and IBM. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solutions. Apttus’ innovations include Max, the company’s Applied Artificial Intelligence that enables enterprises to achieve superior business outcomes. Apttus partners with a world-class ecosystem. Apttus customers include hundreds of the world’s mid-sized organizations and the who’s who of the Global 1000. For more information visit: apttus.com

 

FUNDING ROUNDS*

  • Feb 13, 2018 / Debt Financing – $75M
  • Sep 13, 2017 / Series E – $55M
  • Sep 28, 2016 / Series D – $88M
  • Sep 1, 2015 / Series C – $108M
  • Feb 2, 2015 / Series B – $41M
  • Sep 17, 2013 / Series A – $37M

COMPANY DETAILS

Apttus, the global leader in Quote-to-Cash and Contract Lifecycle Management solutions utilizing artificial intelligence (AI), today announced that IBM joined multiple investors in Apttus’ Series E funding. Apttus plans to use this investment to further its plan to deliver AI-based business solutions to customers around the world within enterprise processes such as revenue generation and management of commercial relationships.

“We are thrilled that IBM has joined our roster of Tier 1 investors and we look forward to taking the relationship between our two companies to the next level through a technology partnership,” said Kirk Krappe, Chairman and CEO of Apttus. “We also look forward to delivering our AI-driven Quote-to-Cash and Contract Management solutions to IBM’s global customer base.”

“IBM is dedicated to fueling innovation and advancing how AI is implemented across industries through strategic investments and collaborations,” said George Ugras, managing director, IBM Ventures. “Through this investment in Apttus, we aim to encourage creativity and entrepreneurial spirit that will drive IBM AI and cloud technologies into new applications and enterprises.”