Insight Venture Partners Leads Investment to Accelerate Conga Product Innovation & Fuel Sales Momentum in Global Markets
BROOMFIELD, Colo.–(BUSINESS WIRE)–Conga®, developers of the Conga Suite for Salesforce, today announced a $70 million investment from Insight Venture Partners, a New York-based private equity and venture capital firm. The investment comes on the heels of 45% year-over-year profitable revenue growth and will be used to meet growing global demand, accelerate product innovation and ensure the continued success and delight of Conga customers.
Conga offers document generation and reporting applications for Salesforce customers. Available on the Salesforce AppExchange, the company’s products expand Salesforce users’ abilities to quickly and accurately utilize their data in a wide variety of documents including quotes, contracts, proposals and invoices. Customers achieve significant cost and time savings with Conga solutions.
“The ability to extract and deliver valuable Salesforce data into a variety of documents, presentations and reports is something every company on the Salesforce Platform needs. Conga applications automate and simplify mission-critical business processes every day,” says Mark Whiteside, co-founder and COO of Conga. “Over the past seven years we’ve built an incredible fan base of Conga customers and partners, and thanks to their loyalty and excitement for Conga products, we continue to enjoy tremendous growth.”
Conga is highly committed to providing its customers with products they love to use, as well as with the highest level of service and support. As a result, Conga products consistently receive five-star ratings on the Salesforce AppExchange. Part of the expansion capital will be devoted to providing this dedicated customer base with additional, rich resources, including expanded training, advanced instruction and certification offerings.
“We see huge potential for innovative companies in the Salesforce ecosystem. Conga is the perfect example of a growing, profitable and boot-strapped success story. We are pleased to partner with the Conga team on their next phase of growth,” says Nikitas Koutoupes, managing director at Insight Venture Partners.
As part of the transaction, Nikitas Koutoupes and Elodie Dupuy, vice president at Insight Venture Partners, will join Conga’s board of directors.
Conga® is the developer of the Conga Suite, the most popular set of document generation and reporting applications for Salesforce. The company was founded in 2006 to help Salesforce customers worldwide fully utilize their data. With industry-recognized products and support, Conga has rapidly built a fan base of more than 140,000 users, in 45+ countries, across all industries. The company is privately-held and based in Colorado with global support teams in the UK and Australia. Learn more at congamerge.com or follow Conga on Twitter @CongaMerge.
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $10 billion and invested in more than 200 growth-stage software, Internet and data-services companies worldwide. The company’s mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Learn more at insightpartners.com or follow Insight on Twitter: @insightpartners.
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MWWPR for Conga
Courtney Drakes, 646-376-7037