It’s summer, but we aren’t just relaxing by the pool. We’re working harder than ever, and it looks like it’s paying off. We’re really excited about the momentum that we’re building. Our customer growth has really picked up throughout the first quarter of the year. Bookings have nearly doubled compared to the first quarter of 2016. Part of the reason is the launch of our newest product, Conga Contracts, designed to facilitate and streamline contract processes on the Salesforce platform. We’re excited to announce that we’ve raised a strategic investment from Salesforce Ventures, largely to help us build on our success following the Conga Contracts launch.
“Salesforce Ventures is committed to investing in technology that extends our intelligent Customer Success Platform and makes our customers even more successful,” said John Somorjai, EVP of Corporate Development and Salesforce Ventures. “Built on the Salesforce Platform, Conga's contract management technology complements Salesforce CPQ to enhance the contract negotiation experience.”
We’re looking forward to where we can go with this added support (read the press release here). We know it will help accelerate the development of Conga Contracts, as well as the evolution of our entire suite of products.
“Conga saw a perfect opportunity to significantly extend customer value with the development of Conga Contracts,” said Conga CEO Matthew Schiltz. “We are excited to use this investment to continue our product development strategy and continue the adoption of Conga Contracts.”
We’ve also hit some other great benchmarks this year. We’ve recently made major enhancements to our doc gen, data management and enterprise contract management products. Last month, Conga was awarded the Silver Stevie® Award for “Most Innovative Tech Company of the Year” for organizations with up to 2,500 employees. Finally, we had our first annual user summit this spring, 2017 Conga Connect. The event went so well that we’ve announced plans for two additional Conga Connect events, to be held September 20 in London and October 3-4 in Las Vegas. For more details, visit https://getconga.com/resources/events/conga-connect. We’re couldn't be happier about the direction our company is taking and we’re proud of the success that all of our hard work has created. We can't wait to see where things go from here.