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Simplus Buys CRM Manager: Press Releases

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Simplus Buys CRM Manager: Press Releases

Salt Lake City-based Simplus, the provider of consulting services for Salesforce, has acquired CRM Manager, a consulting firm which is also backed by Salesforce Ventures, the company said on Monday. Financial terms of the acquisition were not announced. According to Simplus, the acquisition is its fourth since it received its Series A funding from Salesforce Ventures and others in Q3 of 2016. CRM Manager had offices in Philadelphia, Pittsburgh, and New York City, and was founded in 2005. CRM Manager offers up Salesforce implementation, integration, and consulting, and received funding from Salesforce Ventures in 2010. Simplus is led by CEO Ryan Westwood. The company’s four acquisitions included the acquisition of Basati in August, and the acquisition of Baldpeak Consulting at the same time it raised its Q3 2016 funding.

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As such, it’s very similar to Vlocity, which positions itself as a pioneer among vertical industry cloud providers, even though CloudSense has been around for several years longer. The opening of Dreamforce 2017, as by now is customary each year, brought further evidence of this continuing growth with news of a $77 million funding round by vertical industry quote-to-cash vendor CloudSense and a new acquisition by fast-growing QTC consultant Simplus. The strength of the quote-to-cash market was emphasized again by the news that Simplus, a consultancy that specializes in Salesforce QTC, the former Steelbrick product, has made its fourth acquisition of the past year. As well as vertical industry specialist Vlocity, the quote-to-cash market also has strong horizontal players such as Apttus and Salesforce itself, after its acquisition of Steelbrick two years ago.

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Sandy—Salesforce Ventures-backed Platinum Salesforce Partner Simplus has acquired fellow Salesforce Ventures-backed consulting firm, CRM manager.

The acquisition is Simplus’ fourth Salesforce partner acquisition since receiving Series A funding in Q3 2016 from Salesforce Ventures and other investors. This new acquisition continues Simplus’ expansion trend, which began earlier this year with the purchase of BaldPeak, EDL Consulting, and Basati.

 

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Diginomica:

The Salesforce ecosystem of software developers and professional services firms continues to grow even faster than the vendor itself. The opening of Dreamforce 2017, as by now is customary each year, brought further evidence of this continuing growth with news of a $77 million funding round by vertical industry quote-to-cash vendor CloudSense and a new acquisition by fast-growing QTC consultant Simplus.

CloudSense is one of the largest Salesforce ISV partners but is less well known than others of its size, partly because it’s based in London rather than Silicon Valley, but mostly because of a British disdain for brash self-publicity. This week’s $77 million investment from private equity firm Vector Capital marks the first time the company has chosen to disclose a funding round. It’s had several already, but isn’t disclosing how much it has previously raised. This time it’s different, says CEO Richard Britton:

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