^CHICAGO and STOCKHOLM, Sweden, July 14, 2023 (GLOBE NEWSWIRE) — Tacton
(https://www.tacton.com/), the leading SaaS partner in the
individual configuration, price calculation and direct preparation of an offer
(Configure, Price, Quote; CPQ) for manufacturers to simplify sales
complex configurations, announced today that the company
a strategic investment by Rubicon Technology Partners (“Rubicon”)
secured, a leading private equity firm based in Boulder,
Colorado, dedicated solely to investing in and growing
enterprise software developers. In addition, GRO
Capital (“GRO”), an investment partner of Tacton since 2017, to be a co-investor
and, together with Rubicon, the next phase of scaling Tacton
support.
This investment will support Tacton’s global growth strategy, in particular
in North America, while accelerating the company through product innovation
and market expansion continues to be scaled and based on the company’s momentum
Category leaders as identified by Gartner® in the Magic Quadrant(TM) for CPQ software
recognized in 2022.
As a leader in the manufacturing software industry, Tacton
Innovations in sustainability, advanced
Product configuration and intelligent subscription-based services
introduced to change the way manufacturers work around the world
do business around the world. Based on years of extensive research and
has a distinct dynamic and constraint-based solution technology
the company developed a groundbreaking approach that enables B2B manufacturers
enables complex requirements and sales processes in the ecosystem of B2B
to cope with production.
Tacton’s CPQ solutions enable a smooth and stable end-to-end
end operations while providing a flawless digital customer experience
Sale of complex equipment and related services. With 75,000 active
On average, Tacton users see a 34%
Increased efficiency in terms of time spent by sales for creation
of an offer, a 30% increase in sales volume and a
Increase profit margin by 20% by reducing order errors and
offering fewer discounts.
?Since its inception 25 years ago, Tacton has evolved from a Swedish
Configuration management startup evolved into a global CPQ SaaS provider,
who accelerates the sales goals of the manufacturers with a first-class product
while revolutionizing their sales experience,” said Bo Gyldenvang, CEO
by Tacton.?Tacton is uniquely positioned to address the most pressing
Solve configuration challenges faced by manufacturers around the world
world are confronted with. By investing in and partnering with
Rubicon, we now have the opportunity to showcase our innovative products
to a broader base of customers worldwide than ever before. We
look forward to the journey ahead with a partner who shares our vision
for the future of manufacturing and has the resources, ours
accelerate growth.”
?Industrial manufacturers are being forced to change the way they serve their customers
offer their products and services to reconsider. Simultaneously
they must face the operational challenges arising from the
increasing product complexity, rapidly changing customer requirements, the
Trend towards digitized shopping experiences and the increasing focus on the
product-level environmental footprint,” said Dan Levy, Partner at
Rubicon Technology Partners.?Tacton’s CPQ platform excels
a unique differentiation in solving these critical
Configuration issues for some of the largest and most complex manufacturers in the world
world off. We are excited to have the opportunity to work with the team at Tacton and GRO
Capital to work together to accelerate the growth of the company
and the future of manufacturing software through continuous product innovation
and shape market expansion.”
?Over the last six years we have had an amazing development with Tacton
went through Because of its unique product approach, Tacton has established itself as a
recognized market leader in the field of CPQ for complex manufacturers”, says
Lars Lunde, Partner at GRO.?It was a real pleasure working with the talented
team at Tacton and we are confident that the company
has a bright future ahead of it while still striving to be global
to keep growing. We are therefore grateful that the GRO Fund III made the journey with us
Tacton and also together with Rubicon Technology Partners will continue that
share our vision for the company and will no doubt be able to
to accelerate Tacton’s journey to that vision.”
For more information on Tacton and its market leading
Configuration Technology:
* Book a demo (https://www.tacton.com/book-a-demo/?via=header) and
see how Tacton can help your business achieve efficiency,
Increase sales volume and net profit
* Follow the thought leaders shaping the future of sales in manufacturing
design, on the Tacton Blog (https://www.tacton.com/cpq-blog/)
* Download the ultimate guide to stay up to date on the latest trends in
Keep up to date with customer experience in manufacturing
(https://www.tacton.com/knowledge/keeping-up-with-the-new-manufacturing-
buyer/)
* Gain unmatched insights into how CPQ can help
Reduce environmental impact and achieve your sustainability goals
(https://www.tacton.com/knowledge/configuring-the-future-of-sustainable-
manufacturing/)
William Blair acted as exclusive financial advisor to Tacton and his
Shareholders GRO and Kirk Capital. Evercore acted as exclusive financial advisor
for Rubicon Technology Partners.
About Tacton
Tacton (https://www.tacton.com/) is a leading SaaS company that
Trusted by manufacturers around the world. Tacton Trusted Configuration
simplifies sales for manufacturers of complex products. The?Configure,
Price, Quote” software from Tacton was recognized by Gartner in the Magic Quadrant for CPQ
Application Suites is classified as a “Leader” and is recognized for its advanced
Product configuration and visualization functions known. The founders of
Tacton pioneered computer-aided product configuration,
which forms the basis for Tacton CPQ and CAD Design Automation today. Since
1998 trust customers all over the world such as ABB, Daimler, MAN, Scania,
Siemens, Xylem and Yaskawa on Tacton. The company is headquartered in
Chicago (USA) and Stockholm (Sweden) and has regional
Offices in Karlsruhe, Warsaw (Poland) and Tokyo (Japan).
Follow Tacton on LinkedIn (https://www.linkedin.com/company/tacton-systems-
ab) and Twitter (https://twitter.com/tactonsystems).
About Rubicon Technology Partners
Rubicon Technology Partners invests in enterprise software developers
with proven products and talented management teams to drive their growth and
support scaling. Rubicon empowers businesses by leveraging a
proven combination of proprietary processes, best practices and one
portfolio-wide engagement model to adapt to the changing
Adapt to the needs of their business as they grow and scale.
Rubicon has over $3.5 billion in assets under management and has
is headquartered in Boulder, Colorado with additional offices in New
Haven, Connecticut and Palo Alto, California.
For more information about Rubicon, visit www.rubicontp.com
(http://www.rubicontp.com/).
About GRO
GRO is a leading Northern European private equity firm
exclusively on high quality B2B software companies with strong
Focused on growth prospects. GRO acts as an active owner who owns the
Portfolio companies developed with the goal of long-term value creation.
GRO has approximately EUR 1 billion in assets under management. For further
For information about GRO, please visit www.grocapital.dk
(http://www.grocapital.dk/) and www.linkedin.com/company/gro-capital
(http://www.linkedin.com/company/gro-capital)
Tacton – media contact:
[email protected] (mailto:[email protected])
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