QuickArrow

QuickArrow provides cloud-based solutions focused on professional services automation, helping businesses streamline project management and improve operational efficiency through comprehensive software tools. QuickArrow, founded in 1998 and headquartered in Austin, US, specializes in project-based service automation. The company was acquired by NetSuite in July 2009 for USD 20. 00 mn.

The acquisition marked a pivotal moment in QuickArrow's growth strategy as it became part of a larger ecosystem, enhancing its product offerings and market reach. Prior to its acquisition, QuickArrow had completed a total of 3 deals, showcasing its commitment to strategic growth. QuickArrow's primary offering, NetSuite Professional Services Automation (PSA), includes a suite of cloud-based solutions tailored for project-based organizations. Core products like SuiteProjects and SuiteProjects Pro provide comprehensive tools for managing the entire project lifecycle, from budgeting and staffing to billing.

These solutions are designed for various sectors, serving project managers and executives from startups to large enterprises across North America, Europe, and Asia-Pacific. QuickArrow operates on a revenue model primarily based on annual subscription fees for its software solutions. Customers enter licensing agreements that grant ongoing access to SuiteProjects and SuiteProjects Pro, with additional capabilities available as needed. This includes a one-time setup fee followed by subscription renewals, ensuring the functionality of the software remains robust and relevant.

The model typically targets B2B service organizations, although specific pricing details are not publicly disclosed. QuickArrow, now a part of NetSuite, is positioned for future growth through continued investment in its product suite and market expansion. Recent funding from the acquisition will support the development of new features and enhancements to existing offerings. Additionally, QuickArrow aims to explore opportunities in new geographic markets, with particular focus on increasing its presence in Europe and Asia-Pacific by 2025.

The company is committed to leveraging this growth potential through strategic product development and market penetration.