Octiv, Inc.
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Octiv, Inc. - overview
Established
2010
Location
Indianapolis, IN, US
Primary Industry
Software
About
Octiv, Inc. specializes in document automation solutions, enhancing operational efficiency by streamlining the creation and management of documents and signatures for businesses across various sectors. Octiv, Inc. is a document automation company that was founded in 2010 in Indianapolis, US.
The company was acquired by Conga in March 2018, which expanded Conga's portfolio of document solutions. The company was co-founded by Brian Nielsen, Carly Cais, Kate Ludlow, Kristian Andersen, Matthew Riley, and Noura Rehbini. It has been involved in 8 deals, with its latest funding round being a Series E raising USD 4. 75 mn from investors including Allos Ventures, GE Ventures, Greycroft Partners, and High Alpha Capital.
The total amount raised by Octiv, Inc. is USD 4. 75 mn. Octiv, Inc.
offers document automation solutions designed to improve business efficiency and accuracy. Its core products support the automated generation of professional documents and secure electronic signatures. This includes the creation of branded documents from real-time data, ensuring accuracy and consistency, as well as a streamlined method for obtaining electronic signatures. The company's solutions cater to a diverse clientele, including over half of the Fortune 50 companies, across more than 60 countries, focusing on sectors like technology, finance, healthcare, and legal services.
Octiv, Inc. employs a subscription-based revenue model for its document automation solutions. Clients enter into annual licensing agreements, with pricing structures that are tailored to the organization's needs. These arrangements allow for flexibility and scalability, accommodating various business sizes and requirements, thus fostering long-term partnerships with organizations seeking to optimize their document workflows.
Octiv, Inc. aims to expand its product offerings and enhance its market presence following its acquisition by Conga. The integration is expected to facilitate the launch of new features within its existing solutions and potentially introduce new products aimed at streamlining business operations. The company is also focused on expanding into additional markets including Europe and Asia, leveraging the recent Series E funding of USD 4.
75 mn to support development and marketing efforts associated with these initiatives.
Current Investors
FundersClub, Greycroft, Allos Ventures
Primary Industry
Software
Sub Industries
Storage, Storage Management Software, Sales & Marketing Software, Customer Relationship Management, Content Management Software, Analytics & Performance Software
Website
www.octiv.com
Company Stage
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Total Amount Raised
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