Simplus Raises $26.5M in Financing; Acquires Sqware Peg

simplusSimplus, a Salt Lake City, UT-based Salesforce Quote-to-Cash platform provider, raised $26.5m in Series C equity and debt funding.

The round was led by Kensington – SV Global Innovations LP (KSV), joined by Savano Capital Partners and existing investors Salesforce Ventures, Cross Creek Advisors, EPIC Ventures, University Growth Fund, Simplus CFO Paul Fletcher and G2 Crowd CEO Godard Abel.
Silicon Valley Bank will provide an additional $6.5m in debt financing.

The company intends to use the funds to further increase capacity across its product and service offerings, as well as acquire companies with complementary solutions valuable to customers.

To this end, Simplus has acquired Sqware Peg, a Sydney and Melbourne, Australia-based consulting partner focusing exclusively on the Salesforce platform and backed by Salesforce Ventures.

Led by Ryan Westwood, CEO, Simplus provides enterprise-wide digital transformation across the entire Salesforce ecosystem through advisory, implementation, change management, custom configuration and managed services. As a Platinum Salesforce Partner, the company is currently one of the largest CPQ (configure, price, quote) global technology service providers, with more than 150 certified consultants and offices in the United States, Canada, Australia and the Philippines.



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