TORONTO – May 9, 2018 – servicePath, a leading provider of configure-price-quote solutions for Managed Service Providers and other technology companies, announced today that it just closed its most successful quarter in company history.
“We closed the quarter with revenue at all-time highs,” said Daniel Kube, CEO of servicePath. “We have tremendous momentum and a very positive outlook for the future. Demand for our CPQ solution continues to grow and we are well positioned as one of the only platforms that can scale to the complexity of large multi-national technology companies.”
Because of its record quarterly performance, servicePath was able to add staff to its Sales and Product Development teams – investments that will fuel the company’s next phase of growth.
“During this past quarter we also had a significant increase in interest from the CPQ analyst community,” said Mike Molson, COO of servicePath. “We’ve met with representatives from Gartner, IDC, Forester, Constellation Research and SR Research. Feedback has been universally positive. Many have been impressed at our ability to calculate accurate cost-to-serve metrics and how easy it is to regrade customer installations.”
“CPQ has no channel limitations,” wrote John Bruno, Senior Analyst at Forester Research. “CPQ is not, I repeat, is not a back office solution anymore. It’s long addressed the needs of front line sales reps, and now it extends its functionality to all available channels. This means companies can extend the same business rules and logic to indirect channels (i.e. partners, dealers, distributors, etc.), customer service reps, eCommerce sites, and even emerging channels like IoT devices.”
The analyst interest builds on the momentum from servicePath’s recent recognition as a CPQ High Performer by G2 Crowd.
servicePath also reported it is in talks with a number of potential partners who are interested in adding a CPQ platform to their suite of offerings. In turn, servicePath expects to begin offering new capabilities and services from partners to increase the value of its solutions to customers.
servicePath is on a mission to eliminate the use of spreadsheets and poorly implemented CPQ software for configuring solutions at technology companies. Companies that are serious about accelerated growth choose servicePath’s cloud-based Configure Price Quote (CPQ) platform. The platform smoothly handles complex pricing models, multi-step approval processes and complex technology+service configurations. servicePath clients have shortened proposal times by as much as 90% and reduced their financial risk by $Millions. The company serves clients in the US, Canada, Europe and the Middle East. Frictionless sales starts with servicePath. For more information, go to servicepath.co