Quickbase

Last updated
Quickbase, Inc.
Company type Private
Industry Platform as a service
Digital transformation
Enterprise Software
Founded1999
Headquarters Boston, Massachusetts, U.S.
Products
  • Quickbase platform
RevenueIncrease2.svg $200 Million(2022) [1]
Number of employees
314 (2018)
Website www.quickbase.com

Quickbase, Inc., is a software company headquartered in Boston, Massachusetts spun off from Intuit in March 2016. In January 2019, Vista Equity Partners, a private equity firm, acquired a majority stake in Quickbase from Welsh, Carson, Anderson & Stowe for a reported $1 billion. [2] [3] [4]

Contents

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]

Related Research Articles

Software AG is a German multinational software corporation that develops enterprise software for business process management, integration, and big data analytics. Founded in 1969, the company is headquartered in Darmstadt, Germany, and has offices worldwide.

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of May 2024, Blackstone has more than US$1 trillion in total assets under management making it the largest alternative investment firm globally.

<span class="mw-page-title-main">Intuit</span> American financial software company

Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, personal finance app Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.

<span class="mw-page-title-main">Providence Equity</span> American global private equity investment firm

Providence Equity Partners L.L.C. is a specialist private equity investment firm focused on media, communications, education, and technology investments across North America and Europe. The firm specializes in growth-oriented private equity investments and has invested in more than 170 companies globally since its inception in 1989.

Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, and H.I.G. sold Quicken to Aquiline Capital Partners in 2021.

QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

<span class="mw-page-title-main">Dan Gilbert</span> American businessman (born 1962)

Daniel Gilbert is an American billionaire, businessman, and philanthropist. He is the co-founder and majority owner of Rocket Mortgage, founder of Rock Ventures, and owner of the National Basketball Association's Cleveland Cavaliers. Gilbert owns several sports franchises, including the American Hockey League's Cleveland Monsters, and the NBA G League's Cleveland Charge. He operates the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters. As of January 2023, Forbes estimated his net worth at US$18.3 billion.

<span class="mw-page-title-main">Welsh, Carson, Anderson & Stowe</span> American private equity firm

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing in two growth industries, technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

<span class="mw-page-title-main">General Atlantic</span> American growth equity firm

General Atlantic, legal main entity General Atlantic Service Company, L.P., is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. The firm was founded in 1980 as the captive investment team for Atlantic Philanthropies, a philanthropic organization founded by Charles F. Feeney, the billionaire co-founder of Duty Free Shoppers Ltd.

Acumatica provides cloud and browser based enterprise resource planning software for small and medium-sized businesses. The company is headquartered in Kirkland, Washington, in the Seattle metropolitan area.

Solera Inc is an American company based in Texas which provides risk management and asset protection software and services to the automotive industry and property insurance marketplace. Solera also provides digital identity management services, as well as re-underwriting and data analytics for the automotive, property and casualty insurance industries. Solera is active in 88 countries across six continents.

<span class="mw-page-title-main">Vista Equity Partners</span> American investment firm

Vista Equity Partners is an American private equity firm that invests in software, data, and technology-enabled businesses. With over $100 billion in AUM, it is one of the largest private equity firms in the world. Vista Equity Partners has invested in hundreds of technology companies, including Citrix, SentinelOne, and Marketo, and has achieved many accolades in the space, most recently being named as 2023's Global Technology Private Equity Firm of the Year by Private Equity International.

<span class="mw-page-title-main">Revel Systems</span>

Revel Systems is an iPad-based point of sale system co-founded by Lisa Falzone and Christopher Ciabarra. It is now majority owned by private equity firm Welsh, Carson, Anderson & Stowe.

Mediaocean is an advertising services and software company, headquartered in New York City.

Marketo, Inc. is an American software company, with its headquarters in San Mateo, California. Marketo develops and sells marketing automation software for account-based marketing and other marketing services and products, including SEO and content creation.

AnaCap Financial Partners ('AnaCap') is a London-based British private equity firm advising funds that invest in Software, Technology and Services within the European financial ecosystem.

Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Farmington, Utah. As of July 2018, it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.

Reckon is an Australian software company that provides desktop and cloud-based accounting software for accountants, bookkeepers, small to medium businesses, and personal users. The company has offices in Australia, New Zealand, the United Kingdom, and the United States. Reckon is listed on the Australian Securities Exchange with a market cap of A$138,000,000. Reckon has over 600,000 businesses using its software across Australia and New Zealand.

<span class="mw-page-title-main">Mindbody Inc.</span> American software company

Mindbody, Inc. is a San Luis Obispo, California-based software-as-a-service company that provides cloud-based online scheduling and other business management software for the wellness services industry. Founded in 2001, the company services over 58,000 health and wellness businesses with about 35 million consumers in over 130 countries and territories. Since October 2021, the company has owned ClassPass. It is majority owned by Vista Equity Partners, a private equity firm.

<span class="mw-page-title-main">Jio Platforms</span> Indian multinational technology company

Jio Platforms is an Indian multinational technology company, headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance.

References

  1. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". Wall Street Journal.
  2. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quickbase". Wall Street Journal. Retrieved 31 August 2019.
  3. ↑ "Intuit sells Quickbase to private equity firm". ZDNet. Retrieved 2016-03-08.
  4. ↑ "Intuit Plans to Sell Quickbase Business to Private Equity Firm". Bloomberg.com. 8 March 2016. Retrieved 2016-03-08.
  5. 1 2 "About Quick Base". Quick Base. Retrieved 16 September 2019.
  6. ↑ "Intuit Unveils Web-Based Tool For Sharing Information". Intuit.com. Archived from the original on 2005-12-20.
  7. ↑ "Quickbase for Corporate Workgroups, Spring 2005 Version". PCMag. Retrieved 2005-05-18.
  8. ↑ "Best Business Software Product or Service". SIIA.net. Retrieved 2005-04-14.
  9. ↑ Beckerman, Josh (20 August 2015). "Intuit to Divest Itself of Demandforce, Quickbase and Quicken". Wall Street Journal. Retrieved 2015-08-20.
  10. ↑ "Intuit Quickbase review - An extraordinarily powerful and flexible database SaaS". CloudPro. 23 October 2015. Retrieved 2015-10-23.
  11. ↑ "Winner In: Best Real Estate / Construction Management Solution". SIIA.net. Retrieved 2015-05-20.
  12. ↑ "Best Cloud Platform as a Service". SIIA.net. Retrieved 2015-05-20.
  13. ↑ Prmack, Dan (4 April 2016). "Term Sheet -- Monday, April 4; Random Ramblings". Fortune. Retrieved 22 December 2018.
  14. ↑ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". WSJ. Retrieved 13 January 2019.
  15. ↑ Bridgwater, Adrian (14 August 2019). "Boston's Quick Base Buys Bulgarian Cloudpipes -- Because Low-code Needs An Integration X-Factor". Forbes. Retrieved 31 August 2019.
  16. ↑ "Citizen Developers: Low Code Is Now Enterprise-Class". Forbes.com. Retrieved 2016-05-16.
  17. ↑ "How A Forrester Analyst Learned Citizen Developers Exist". cmswire. Retrieved 2015-12-23.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.