January 11, 2018 by Alex Cohen
Apttus taps IBM Cloud and Watson technologies to expand its implementation of AI throughout the enterprise
SAN MATEO, CA – January 11, 2018 — 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.”
With Apttus’ Max, the first applied AI for Quote-to-Cash applications, and the Apttus Intelligent Cloud, an advanced hybrid cloud that is revolutionizing Quote-to-Cash and Contract Lifecycle Management for enterprise customers, Apttus is utilizing state-of-the-art technologies in its portfolio, and will soon integrate IBM Cloud and Watson capabilities, as well as other IBM technologies and services.
For more information about IBM Ventures: https://www.ibm.com/midmarket/us/en/venturedevelopment/
Apttus is a Silicon Valley-based 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.