SteelBrick

SteelBrick is a software company that specializes in Configure, Price, Quote (CPQ) solutions, enhancing sales processes and revenue management for B2B enterprises. Founded in 2009 in Palo Alto, US, SteelBrick provides CPQ software designed to streamline pricing and quoting processes. On December 23, 2015, Salesforce, Inc. acquired SteelBrick for USD 360 mn.

The company has completed a total of 5 deals since its inception. SteelBrick offers a comprehensive suite of products and services aimed at optimizing sales processes through its CPQ platform. This solution automates the configuration, pricing, and quoting of products, enabling sales teams to create accurate quotes swiftly. Additionally, SteelBrick's revenue management platform enhances the product-to-cash cycle, including order processing and revenue reporting, catering mainly to B2B enterprises across technology, manufacturing, and services sectors globally.

SteelBrick utilizes a subscription-based revenue model for its CPQ solution and revenue management platform, with various pricing plans tailored to meet different business needs. Revenue is generated through direct sales and partnerships, ensuring accessibility across different client sizes and industries. Following the acquisition by Salesforce, SteelBrick plans to leverage the new resources for expanding its product offerings and market reach. The integration of SteelBrick’s CPQ solutions with Salesforce’s ecosystem is expected to drive growth, targeting broader markets in North America, Europe, and Asia-Pacific.

Recent funding from the acquisition will be directed towards developing new features and services to enhance operational efficiency and streamline sales processes.