30 Sep Simplus receives $7.3M in Series A funding
Simplus, the Leader in Salesforce Quote-to-Cash Implementaions, Receives $7.3M in Series A Funding, Acquires BaldPeak Consulting to Round Out Its Software Implementation Offerings
Simplus, a Salesforce Consulting Partner and leader in Salesforce Quote-to-Cash implementations, today announced it has raised more than $7M in a Series A funding round led by Epic Ventures with participation fromSalesforce Ventures, and Silicon Valley Bank. Simplus also today announced its acquisition of BaldPeak Consulting a provider of quote-to-cash services. The funding and acquisition will help Simplus expand its implementation services to additional Salesforce Quote-to-Cash ISV partners.
Salesforce Quote-to-Cash, formerly known as SteelBrick, offers Quote-to-Cash solutions including Salesforce CPQ (Configure, Price, Quote) software. Simplus is a current customer of Salesforce Quote-to-Cash, including Salesforce CPQ, and also is a consulting partner that helps companies implement Salesforce solutions for their particular needs. The recent acquisition of BaldPeak Consulting extends Simplus’s expertise into CPQ to include billing software implementations for enterprise companies.
“From the moment BaldPeak was founded, our mission was to build the next-generation professional services organization for the modern subscription business,” said Gerald Soto, CEO of BaldPeak Consulting. “Joining Simplus provides a great opportunity to gain access to each other’s incredible resources and allows us to fulfill an equal mission of providing the utmost value to our customers.”
“We are fortunate to be backed by Salesforce Ventures and we plan to use the funding to acquire other Salesforce Quote-to-Cash partners in our journey to grow the best team of experts in the world,” Ryan Westwood, CEO of Simplus said.
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ABOUT SALESFORCE VENTURES
Salesforce Ventures-Salesforce’s corporate investment group-invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage Salesforce’s expertise in corporate philanthropy by joining Pledge 1 percent to make giving back part of their business model. Salesforce has invested in more than 150 enterprise cloud startups since 2009. For more information, please visit www.salesforce.com/ventures.
ABOUT BALDPEAK CONSULTING
BaldPeak Consulting is the premier Salesforce Quote-to-Cash billing expert, offering strategic guidance and technical skills to help customers manage and collect payments, recognize revenue and automate the invoicing process for clients in one native Salesforce billing solution. BaldPeak has worked with enterprise customers such as Amazon, DocuSign, Power Reviews, and many others. For more information about BaldPeak Consulting, visit www.baldpeak.com.