Conga Corporation
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2006 |
| Founder | Neehar Giri, Kent Perkocha, Kirk Krappe |
| Headquarters | Broomfield, Colorado , United States |
| Products | Contract Lifecycle Management (CLM) solutions, business process automation software |
| Owner | Thoma Bravo |
Conga is a U.S.-based provider of B2B software, focusing on automating business processes and delivering Contract Lifecycle Management (CLM) solutions. Established in 2006 by Neehar Giri, Kent Perkocha, and Kirk Krappe, the firm offers "middle office" technologies that utilize artificial intelligence to enhance financial and commercial operations such as quote-to-cash, revenue optimization, and e-commerce administration.
Initially created to work seamlessly with Salesforce's CRM system, Conga has broadened its product compatibility to include Microsoft Azure and IBM Cloud platforms, thereby expanding its global reach and influence. The company solidified its position in digital commercial transformation by merging with Apttus, a CLM specialist, in May 2020 and adopting the Conga brand name.
Based in Broomfield, Colorado, Conga functions as a privately owned enterprise under Thoma Bravo’s ownership. Its strategic focus lies in providing scalable software solutions designed to accelerate business expansion and enhance financial outcomes for clients across diverse sectors.
History
Founded in 2006 by Kirk Krappe, Neehar Giri, and Kent Perkocha, Apttus (now operating as Conga) originated from informal conceptual discussions. Leadership roles were assigned with Krappe as CEO, Giri serving as Chief Solutions Officer, and Perkocha as Chief Customer Officer. After initially self-funding operations, the company secured its first external investment in 2013 through a $37 million Series A round led by K1 Capital, ICONIQ, and Salesforce.
By 2018, Apttus had raised a total of $404 million over five funding rounds, achieving an estimated valuation close to $1.3 billion. Although an initial public offering was contemplated in 2016, market conditions—including Salesforce’s acquisition of SteelBrick, a direct competitor—impeded this path. In September 2018, private equity firm Thoma Bravo acquired a controlling interest in Apttus, triggering major changes in executive leadership with appointments of a new CEO and CFO.
The company enhanced its CLM offerings by acquiring Conga for $715 million in May 2020 and subsequently rebranded itself under the Conga name. Continuing its expansion within the CLM sector, Conga further strengthened its product lineup and market presence by purchasing Contract Wrangler in August 2021.
Controversy
In July 2018, Kirk Krappe abruptly departed from Apttus amidst accusations involving sexual assault and financial misrepresentation. These allegations became public knowledge following a November 2018 Business Insider report that described an incident during a corporate sales retreat in Cabo San Lucas where Krappe was accused of sexually assaulting a female employee from business development. Additional accusations included deceptive statements made to investors regarding Apttus’ financial health. At that time, several sexual harassment complaints were active alongside three lawsuits concerning financial irregularities.