Company:BigMachines

From HandWiki
Short description: Configure, price, quote cloud software owned by Oracle


BigMachines
TypeSubsidiary
IndustryConfigure, price and quote
Founded2000; 24 years ago (2000)
Headquarters
Austin, Texas
,
USA
ParentOracle Corporation
Websitewww.oracle.com/cx/sales/cpq/

BigMachines, now Oracle Configure, Price, Quote (CPQ), was a software company founded in 2000 by Godard Abel and Christopher Shutts,[1] which was acquired by Oracle in 2013. The software is designed to integrate with enterprise resource planning (ERP), customer relationship management (CRM), and other business systems to help companies automate the sales process.[2][3] It specializes in software for configure, price and quote (CPQ).[3][4] It can be used by internal teams, channel partners, VARs, distributors, customers, and outside representatives and partners.[5]

The company was headquartered in Deerfield, Illinois, US with development offices in San Mateo, California, US and Hyderabad, India.[6]

Oracle acquisition

Vista Equity Partners, a private equity firm based in San Francisco , acquired majority ownership of BigMachines in 2010 through several transactions starting January 2001.[7] Shortly after in 2011, Abel left the company.

Three years later, Oracle Corporation announced it was acquiring BigMachines on October 24, 2013.[8][9] Oracle kept the product, now called CPQ Cloud.[10]

Oracle CPQ as part of Oracle Sales

Oracle CPQ is part of Oracle Sales, a SaaS CRM product that is part of Oracle Advertising and Customer Experience.[10][11][12] Oracle Sales capabilities include:[11]

  • Sales force automation
  • Sales planning and forecasting
  • Customer data intelligence
  • Sales performance management
  • Subscription management
  • Partner relationship management
  • Configure, price, quote

In 2017, Order Management, part of the Oracle Cloud SCM, was integrated with the CPQ Cloud, giving companies the ability to use the SCM Configurator within CPQ.[13]

Awards

  • 2002 Forbes .com – Best of the Web Winner[14]
  • 2003 Start Magazine – Technology & Business Award[15]
  • 2004,[16] 2006,[17] 2007[18] Supply & Demand Chain – Supply & Demand Chain Executive Top 100
  • 2005, 2007 Manufacturing Business Technology – Top 40 Emerging Software Venders[14]
  • 2008, 2009, 2010, 2011, 2012 Inc 5000 five-year consecutive Award Winner[19][20]
  • 2009, 2010 JMP Hot 100 Software Companies – Best Privately Owned Software Companies[14]
  • 2010 Sales 2.0 Awards – Best Sales Enablement Program[21]
  • 2010 Codie award Winner – Best Business Productivity Solution[22]

References

  1. ↑ Tribune, Erin Chan Ding, Special to the (3 March 2014). "Executive Profile: Godard Abel, CEO of G2 Crowd" (in en-US). https://www.chicagotribune.com/business/ct-xpm-2014-03-03-ct-executive-profile-godard-abel-0303-biz-20140303-story.html. 
  2. ↑ "BigMachines Achieves Record Growth in First Half of 2010". Denverpost.com. 2010-08-05. http://finance.denverpost.com/mng-denver.denverpost/news/read?GUID=14165850. Retrieved 2011-04-12. 
  3. ↑ 3.0 3.1 "Oracle buys Deerfield software provider BigMachines". 23 October 2013. https://www.chicagotribune.com/business/ct-xpm-2013-10-23-chi-big-machines-oracle-20131023-story.html. 
  4. ↑ Columbus, Louis (2013-10-23). "Oracle's Big Machines Acquisition Predicts The Future Of Cloud Selling Applications" (in en). https://www.forbes.com/sites/louiscolumbus/2013/10/23/oracles-big-machines-acquisition-predicts-the-future-of-cloud-selling-applications/. 
  5. ↑ Daley, J. Bruce (2013-10-31). "Oracle Buys BigMachines" (in en). https://www.constellationr.com/blog-news/oracle-buys-bigmachines. 
  6. ↑ "Vista Equity Partners". http://www.vistaequitypartners.com/?q=company/bigmachines. Retrieved 2011-04-12. 
  7. ↑ Melanie Austria Farmer (March 19, 2001). "BigMachines reels in $29 million". CNET news. http://news.cnet.com/BigMachines-reels-in-29-million/2110-1017_3-254310.html. Retrieved October 31, 2013. 
  8. ↑ "Oracle and BigMachines". Oracle web page. http://www.oracle.com/us/corporate/acquisitions/bigmachines/index.html. Retrieved October 31, 2013. 
  9. ↑ Bort, Julie. "Source: Oracle Paid Over $400 Million For BigMachines To Grab More Salesforce Customers". https://www.businessinsider.com/oracle-buys-bigmachines-for-400-million-2013-10. 
  10. ↑ 10.0 10.1 Rath, John (2014-04-10). "Oracle Strengthens CX Cloud with Big Machines Integration" (in en). https://www.datacenterknowledge.com/archives/2014/04/10/oracle-strengthens-cx-cloud-with-big-machines-integration. 
  11. ↑ 11.0 11.1 Jepma, William (2021-08-12). "What's Changed: 2021 Gartner Magic Quadrant for Sales Force Automation" (in en-US). https://solutionsreview.com/crm/2021/08/12/whats-changed-2021-gartner-magic-quadrant-for-sales-force-automation/. 
  12. ↑ Chai, Wesley. "What is Oracle Customer Experience Cloud (Oracle CX Cloud)?" (in en). https://www.techtarget.com/searchcustomerexperience/definition/Oracle-Customer-Experience-Cloud-Oracle-CX-Cloud. 
  13. ↑ "Oracle Introduces Major Innovations to Supply Chain Applications". 2017-08-14. https://www.scmr.com/article/oracle_introduces_major_innovations_to_supply_chain_applications. 
  14. ↑ 14.0 14.1 14.2 "BigMachines Awards". http://www.bigmachines.com/awards.php. Retrieved 2011-04-12. 
  15. ↑ "BigMachines, Inc. wins Start Magazine's Technology & Business Award as Technology Enabler for 2003". http://www.bigmachines.com/start2003.php. Retrieved 2011-04-12. 
  16. ↑ "BigMachines, Inc. Named to the Supply & Demand Chain Executive Top 100". http://www.businesswire.com/news/home/20040630005618/en/BigMachines-Named-Supply-Demand-Chain-Executive-Top. Retrieved 2011-04-12. 
  17. ↑ "2006 Supply & Demand Chain Executive 100". http://www.sdcexec.com/online/article.jsp?id=8554&pageNum=3. Retrieved 2011-04-12. 
  18. ↑ "2007 Supply & Demand Chain Executive 100". http://www.sdcexec.com/publication/article.jsp?pubId=1&id=9672&pageNum=2. Retrieved 2011-04-12. 
  19. ↑ "Inc 500". http://www.inc.com/inc5000/profile/bigmachines. Retrieved 2011-04-12. 
  20. ↑ "BigMachines Featured in Inc. 5000 List of America's Fastest Growing Companies for Third Consecutive Year". Pymnts.com. 2010-08-25. http://www.pymnts.com/bigmachines-featured-in-inc-5000-list-of-americas-fastest-growing-companies-for-third-consecutive-year-20100825005271/. Retrieved 2011-04-12. 
  21. ↑ "Inside View Customers Dominate Sales and Marketing 2.0 Awards". 2010-11-11. http://www.insideview.com/NEWS-PRESS/press-11112010-SalesMarketing.html. Retrieved 2011-04-12. 
  22. ↑ "2010 CODiE Finalists". Archived from the original on 2010-08-21. https://web.archive.org/web/20100821114141/http://www.siia.net/Codies/2010/finalist_list.asp. Retrieved 2011-04-12. 

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