Conga, the US-based documentation software producer backed by enterprise software producer Salesforce, is set to merge with pricing and invoicing tool producer Apttus.
Founded in 2006, Conga markets a software suite employed by almost 800,000 users to automatically create, scan and process business documents such as contracts.
The platform runs from Salesforce’s third-party app marketplace, offering functionality such as e-signatures and customer relationship management.
Apptus’s software for pricing quote configuration and contract lifecycle management will be integrated under Conga’s brand following the merger.
The deal is the latest in a series of acquisitions by Conga which has included the purchase of online document collaboration platform developer Octiv in early 2018.
Octiv was followed months later by acquisitions of contract analytics technology business Counselytics and process automation software developer Orchestrate.
Salesforce Ventures, the corporate venturing arm of Salesforce, co-led a $47m round for Conga in mid-2018 alongside venture capital and private equity firm Insight Venture Partners, having already invested an undisclosed sum the previous year.
Conga also secured $70m from Insight Venture Partners in 2015.
Apttus was acquired by private equity firm Thoma Bravo in 2018, after having raised more than $329m in total funding from investors including Salesforce Ventures and telecommunications firm AT&T.