Company:Quickbase

From HandWiki
Short description: American software company
Quickbase, Inc.
TypePrivate
IndustryPlatform as a service
Digital transformation
Enterprise Software
Founded1999
HeadquartersBoston, Massachusetts, U.S.
Products
  • Quickbase platform
RevenueIncrease $200 Million(2022)[1]
Number of employees
Approximately 314 (2018)
Websitewww.quickbase.com

Quickbase, Inc., is a software company that provides a low-code application development platform. The company is headquartered in Boston, Massachusetts, and was spun off from Intuit in March 2016. In January 2019, Vista Equity Partners, a private equity firm, announced that it had acquired a majority stake in Quickbase from Welsh, Carson, Anderson & Stowe for a reported $1 billion.[2][3][4]

Quickbase's platform is intended for building applications without the need for extensive coding knowledge. The company's platform includes drag-and-drop functionality, customizable templates, and pre-built components. These features allow users to build and deploy applications with simplified user interfaces.

History

In 1999, Joe Rice, Jim Salem, and Claude von Roesgen developed OneBase, a web-based multi-tenant service to enable consolidation and sharing of easily accessible business information.[5] In fall of 1999, Intuit added OneBase to its product portfolio, which includes QuickBooks and TurboTax.[5] 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".[6]

In 2005, Quickbase was chosen as PC Magazine Editors' Choice.[7] The same year, Quickbase won the SIIA Codie Award for "Best Business Software Product or Service."[8] In 2015, Intuit announced plans to divest itself from Demandforce, Quickbase, and Quicken operations.[9] Quickbase won the SIIA CODiE Award for Best Real Estate/Construction Management Solution and finalist for Best Cloud Platform as a Service.[10][11][12]

In 2016, Welsh, Carson, Anderson & Stowe completed its acquisition of Intuit Quickbase.[13] In January 2019, Vista Equity Partners purchased the majority equity in the company for more than $1B. Welsh, Carson, Anderson & Stowe remained a minority stakeholder.[14] In August, Quickbase bought Cloudpipes, which provides integration and automation tools for business applications through a cloud-based platform.[15]

Services

Quickbase is a low-code platform that allows non-technical developers to build, customize and connect secure cloud applications without compromising IT governance and control.[16][17]

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. ↑ 5.0 5.1 "About Quick Base". https://www.quickbase.com/about-us. 
  6. ↑ "Intuit Unveils Web-Based Tool For Sharing Information" (in en-US). http://web.intuit.com/about_intuit/press_releases/2000/12-11.html. 
  7. ↑ "Quickbase for Corporate Workgroups, Spring 2005 Version" (in en-US). https://www.pcmag.com/article2/0,2817,1818940,00.asp. 
  8. ↑ "Best Business Software Product or Service" (in en-US). https://www.siia.net/codie/About-the-Awards/Past-Winners/2005-Winners. 
  9. ↑ 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. 
  10. ↑ "Intuit Quickbase review - An extraordinarily powerful and flexible database SaaS" (in en-US). 23 October 2015. http://www.cloudpro.co.uk/saas/5487/intuit-quickbase-review. 
  11. ↑ "Winner In: Best Real Estate / Construction Management Solution" (in en-US). http://www.siia.net/archive/codies/2015/winners_detail.asp?nID=18. 
  12. ↑ "Best Cloud Platform as a Service" (in en-US). http://www.siia.net/archive/codies/2015/finalist_detail.asp?ID=5. 
  13. ↑ Prmack, Dan (4 April 2016). "Term Sheet -- Monday, April 4; Random Ramblings". Fortune. http://fortune.com/2016/04/04/term-sheet-monday-april-4/. 
  14. ↑ 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. 
  15. ↑ 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. 
  16. ↑ "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. 
  17. ↑ "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/. 

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