Company:QuickBase, Inc.

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Short description: American software company
Quickbase, Inc.
TypePrivate
IndustryPlatform as a service
Digital transformation
Enterprise Software
Founded1999
HeadquartersCambridge, Massachusetts, U.S.
Products
  • Quickbase platform
RevenueIncrease $125 Million(2019)[1]
Number of employees
Approximately 314 (2018)
Websitewww.quickbase.com

Quickbase, Inc., provides a low-code application development platform called Quickbase. Headquartered in Cambridge, Massachusetts, the company was divested from Intuit in March 2016. In Jan 2019, Private-Equity firm Vista Equity Partners announced buying a majority stake in Quickbase from Welsh, Carson, Anderson & Stowe for a reported $1 billion. [2][3][4] Quickbase is used by more than 6,000 customers, including half of the Fortune 100,[5] across a variety of industries and use cases, including process and project management, asset and order tracking, customer and contracts management, time and expense, sales and HR applications. Competitors include Appian, Oracle APEX, Microsoft PowerApps, Mendix, and OutSystems.[6]

Services

Quickbase is a low-code platform[7] that allows non-technical developers to build, customize and connect scalable, secure cloud applications mapped to unique business challenges without compromising IT governance and control. The platform addresses a broad set of business use cases through its customizable application platform that includes workflow and process automation, forms, and personalized charts and reports driven by customizable business logic.

The platform is known for empowering citizen developers[8] in the line of business to deliver "right for me" cloud applications with the visibility and accountability required by IT. This methodology unites IT and the business to accelerate business transformation across the organization through rapid prototyping of processes and apps that are built, deployed, and customized without requiring traditional professional application development resources.

History

In 1999, Joe Rice, Jim Salem, and Claude von Roesgen, the founding partners of Turning Mill Software, developed OneBase, a web-based multi-tenant architecture based database service to enable easy access, consolidation and sharing of business information.[9]

In Fall 1999, Intuit acquired Turning Mill Software, adding oneBase to its product portfolio that includes QuickBooks and TurboTax.[9]

In 2000, Intuit renamed oneBase and launched Quickbase, described at the time as a "web-based tool for sharing information that will revolutionize how small businesses and workgroups collaborate with employees, vendors and customers".[10]

In 2005, Quickbase was chosen as PC Magazine Editors' Choice.[11] Other competing products have won the Editor's Choice Predicate as well since then.[6] In 2005 Quickbase won the SIIA Codie Award for "Best Business Software Product or Service."[12]

In 2015, Quickbase received a 4/5 star review in CloudPro Magazine[13] and won the SIIA CODiE Award for Best Real Estate/Construction Management Solution[14] and finalist for Best Cloud Platform as a Service.[15]

In 2015, Intuit announced plans to divest itself from Demandforce, Quickbase and Quicken operations.[16]

In 2016, Welsh, Carson, Anderson & Stowe completed its acquisition of Intuit Quickbase.[17]

In January 2019, Vista Equity Partners purchased majority equity in the company for more than $1B. Welsh, Carson, Anderson & Stowe remains a minority stakeholder.[18]

In August, 2019, Quickbase buys Cloudpipes, which provides integration and automation tools for business applications through a cloud-based platform.[19]

In January 2020, Quickbase Inc. was included on Built in Boston's list of Best Midsize Places to Work in 2020.[20]

References

  1. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". Wall Street Journal. https://www.wsj.com/articles/private-equity-firm-vista-buys-majority-stake-in-quick-base-11547388930. 
  2. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quickbase". Wall Street Journal. https://www.wsj.com/articles/private-equity-firm-vista-buys-majority-stake-in-quick-base-11547388930?mod=rsswn. 
  3. ↑ "Intuit sells Quickbase to private equity firm" (in en-US). http://www.zdnet.com/article/intuit-sells-quickbase-to-private-equity-firm/. 
  4. ↑ "Intuit Plans to Sell Quickbase Business to Private Equity Firm" (in en-US). 8 March 2016. https://www.bloomberg.com/news/articles/2016-03-08/intuit-plans-to-sell-quickbase-business-to-private-equity-firm. 
  5. ↑ "Intuit Announces Sale Of Quickbase Low-Code Platform" (in en-US). https://www.forbes.com/sites/jasonbloomberg/2016/03/08/intuit-announces-sale-of-quickbase-low-code-platform/#7ef2bc3f78dd. 
  6. ↑ 6.0 6.1 "Quickbase Review" (in en-US). https://www.pcmag.com/article2/0,2817,1818940,00.asp. 
  7. ↑ "Citizen Developers: Low Code Is Now Enterprise-Class" (in en-US). https://www.forbes.com/sites/jasonbloomberg/2016/05/16/citizen-developers-low-code-is-now-enterprise-class/#7200ee881ecf. 
  8. ↑ "How A Forrester Analyst Learned Citizen Developers Exist" (in en-US). http://www.cmswire.com/information-management/how-a-forrester-analyst-learned-citizen-developers-exist/. 
  9. ↑ 9.0 9.1 "About Quick Base". https://www.quickbase.com/about-us. 
  10. ↑ "Intuit Unveils Web-Based Tool For Sharing Information" (in en-US). http://web.intuit.com/about_intuit/press_releases/2000/12-11.html. 
  11. ↑ "Quickbase for Corporate Workgroups, Spring 2005 Version" (in en-US). https://www.pcmag.com/article2/0,2817,1818940,00.asp. 
  12. ↑ "Best Business Software Product or Service" (in en-US). https://www.siia.net/codie/About-the-Awards/Past-Winners/2005-Winners. 
  13. ↑ "Intuit Quickbase review - An extraordinarily powerful and flexible database SaaS" (in en-US). http://www.cloudpro.co.uk/saas/5487/intuit-quickbase-review. 
  14. ↑ "Winner In: Best Real Estate / Construction Management Solution" (in en-US). http://www.siia.net/archive/codies/2015/winners_detail.asp?nID=18. 
  15. ↑ "Best Cloud Platform as a Service" (in en-US). http://www.siia.net/archive/codies/2015/finalist_detail.asp?ID=5. 
  16. ↑ Beckerman, Josh (20 August 2015). "Intuit to Divest Itself of Demandforce, Quickbase and Quicken" (in en-US). https://www.wsj.com/articles/intuit-to-divest-demandforce-quickbase-and-quicken-1440102659. 
  17. ↑ Prmack, Dan (4 April 2016). "Term Sheet -- Monday, April 4; Random Ramblings". Fortune. http://fortune.com/2016/04/04/term-sheet-monday-april-4/. 
  18. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". WSJ. https://www.wsj.com/articles/private-equity-firm-vista-buys-majority-stake-in-quick-base-11547388930. 
  19. ↑ Bridgwater, Adrian (14 August 2019). "Boston's Quick Base Buys Bulgarian Cloudpipes -- Because Low-code Needs An Integration X-Factor". Forbes. https://www.forbes.com/sites/adrianbridgwater/2019/08/14/bostons-quick-base-buys-bulgarian-cloudpipes-because-low-code-needs-an-integration-x-factor/#35c883027c0c. 
  20. ↑ GmbH, finanzen net. "Quick Base Named a Best Place to Work in 2020 by Built In Boston | Markets Insider". https://markets.businessinsider.com/news/stocks/quick-base-named-a-best-place-to-work-in-2020-by-built-in-boston-1028833378. 

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