Cloud Based Product Configuration Company BigMachines, headquartered in Deerfield,Il has recently secured an additional growth investment with returning investors like salesforce.com, JMI Equity and Vista Partners having joined in the round which will be subjected to customary closing conditions within the next thirty days.
The company plans to use the amount received from this funding in building its existing activities in the market for configuration, pricing and quoting. Apart from this the company also plans to build its product portfolio and extend its technology and leadership in the current market.
An award winning software company, which has been offering pricing, quoting and proposal generations to its customers, BigMachines has emerged as the global B2B ecommerce leader in cloud based product configuration. It has helped companies sell faster and more by allowing them to configure, price and quote their software products. Customers are now spared the time used in processing orders and can thus spend more time optimizing their cross selling opportunities. Errors can be eliminated and sales training costs can be reduced. Thus money can be saved. In fact customers on the sales force Apps exchange have voted the company as the best Quoting and Orders App.
The company has also made it to the “Inc 5000 list of Fastest Growing Companies” for the fourth consecutive year.
“Last year was a record year for us, with 55% revenue growth, 55 new customer wins, and record profitability,” said David Bonnette, President of BigMachines. ”We’re on track for another record year in 2012, and we see this investment as a tremendous opportunity to expand our leadership position in the market, grow our product portfolio, and continue on our mission to deliver unmatched customer success through our best-in-class products and services.” –reuters.com
“This is a very exciting time for BigMachines as it continues to deliver outstanding business results,” said Alan Cline, Principal and Co-Head of Vista Equity Partners Foundation Fund and BigMachines board member.