There are currently 1,425 active startups in the space - as listed by CrunchBase - and there’s been an influx of venture funding.
#QUIP SOFTWARE SOFTWARE#
The state of e nterprise s tartupsĮnterprise software spending is on an upward trend, and is expected to reach $326 billion this year meanwhile, startups and investors have taken notice.
For enterprise software startups, it’s indicative of more mergers and acquisitions to come. Today’s tools are expected to be cross-functional, with native integration, real-time collaboration and smart communication at their very core.Įnterprise software giants across different verticals are moving in the direction of end-to-end solutions in an attempt to own more of the workflow - Salesforce’s acquisition of Quip will only intensify the competition. Recent developments in enterprise software - including Oracle’s acquisition of NetSuite, Microsoft’s purchase of LinkedIn and Salesforce’s acquisition of Demandware and Quip - point to a shift in the market.Įnterprise software (not just productivity apps) can no longer be siloed applications bolted together with varying degrees of integration. The implications, however, extend far beyond productivity and CRM. Now, with the acquisition of Quip, Salesforce is joining Microsoft and Google in the race. For decades, Microsoft reigned as the market leader in enterprise productivity - until Google pushed into the space with Google Apps. Jon Lee is the co-founder and CEO of ProsperWorks.Ī new player has entered the enterprise productivity race.
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