<s>
Apttus	B-General_Concept
Corporation	I-General_Concept
,	O
doing	O
business	O
as	O
Conga	O
,	O
is	O
an	O
American	O
business-to-business	O
software	O
provider	O
specializing	O
in	O
business	O
process	O
automation	O
and	O
Contract	O
Lifecycle	O
Management	O
(	O
CLM	O
)	O
tools	O
.	O
</s>
<s>
The	O
company	O
provides	O
what	O
it	O
calls	O
“	O
middle	O
office	O
”	O
solutions	O
,	O
utilizing	O
artificial	B-Application
intelligence	I-Application
to	O
optimize	O
various	O
financial	O
and	O
commercial	O
functions	O
,	O
such	O
as	O
quote-to-cash	O
,	O
revenue	O
management	O
,	O
and	O
e-commerce	O
management	O
.	O
</s>
<s>
Apttus’	O
software	O
was	O
originally	O
developed	O
to	O
leverage	O
the	O
Salesforce	B-Application
customer	O
relationship	O
management	O
platform	O
,	O
but	O
it	O
has	O
since	O
been	O
integrated	O
with	O
Microsoft	B-Application
Azure	I-Application
and	O
IBM	B-General_Concept
Cloud	I-General_Concept
as	O
well	O
.	O
</s>
<s>
In	O
May	O
2020	O
,	O
Apttus	B-General_Concept
merged	O
with	O
contract	O
lifecycle	O
management	O
(	O
CLM	O
)	O
specialist	O
Conga	O
and	O
took	O
its	O
name	O
.	O
</s>
<s>
Apttus	B-General_Concept
(	O
the	O
former	O
name	O
of	O
Conga	O
)	O
was	O
founded	O
in	O
2006	O
by	O
Kirk	O
Krappe	O
,	O
Neehar	O
Giri	O
,	O
and	O
Kent	O
Perkocha	O
.	O
</s>
<s>
The	O
company	O
was	O
bootstrapped	O
and	O
took	O
no	O
outside	O
funding	O
until	O
2013	O
,	O
when	O
it	O
raised	O
$37	O
million	O
in	O
Series	O
A	O
financing	O
from	O
a	O
group	O
of	O
investors	O
including	O
K1	O
Capital	O
,	O
ICONIQ	O
,	O
and	O
Salesforce	B-Application
.	O
</s>
<s>
By	O
the	O
time	O
of	O
its	O
2018	O
buyout	O
,	O
Apttus	B-General_Concept
had	O
received	O
a	O
total	O
of	O
$404	O
million	O
in	O
investment	O
capital	O
from	O
five	O
rounds	O
of	O
fundraising	O
,	O
which	O
gave	O
the	O
company	O
a	O
valuation	O
of	O
approximately	O
$1.3	O
billion	O
,	O
as	O
of	O
September	O
2016	O
.	O
</s>
<s>
The	O
2015	O
acquisition	O
of	O
Apttus	B-General_Concept
rival	O
SteelBrick	O
by	O
Salesforce	B-Application
,	O
an	O
early	O
Apttus	B-General_Concept
investor	O
,	O
was	O
widely	O
blamed	O
for	O
Apttus’	O
inability	O
to	O
complete	O
an	O
IPO	O
or	O
find	O
a	O
buyer	O
at	O
more	O
favorable	O
terms	O
.	O
</s>
<s>
Thoma	O
Bravo	O
took	O
a	O
majority	O
stake	O
in	O
Apttus	B-General_Concept
in	O
September	O
2018	O
.	O
</s>
<s>
In	O
September	O
2018	O
,	O
private	O
equity	O
firm	O
Thoma	O
Bravo	O
purchased	O
a	O
majority	O
stake	O
in	O
Apttus	B-General_Concept
.	O
</s>
<s>
In	O
May	O
2020	O
,	O
Apttus	B-General_Concept
bought	O
contract	O
lifecycle	O
management	O
(	O
CLM	O
)	O
specialist	O
Conga	O
and	O
adopted	O
its	O
name	O
for	O
trading	O
.	O
</s>
<s>
In	O
July	O
2018	O
,	O
Krappe	O
departed	O
Apttus	B-General_Concept
with	O
little	O
warning	O
,	O
a	O
move	O
later	O
reported	O
to	O
have	O
been	O
driven	O
by	O
accusations	O
of	O
sexual	O
assault	O
and	O
misrepresentations	O
of	O
the	O
company	O
's	O
financial	O
performance	O
.	O
</s>
<s>
Other	O
allegations	O
accused	O
Krappe	O
of	O
presenting	O
misleading	O
data	O
on	O
Apttus’	O
size	O
and	O
financial	O
health	O
,	O
and	O
at	O
the	O
time	O
of	O
the	O
report	O
,	O
there	O
were	O
“	O
several	O
”	O
sexual	O
harassment	O
claims	O
underway	O
,	O
as	O
well	O
as	O
three	O
lawsuits	O
over	O
the	O
financial	O
misrepresentation	O
issues	O
.	O
</s>
