QuickBase, Inc.

From Wikipedia, the free encyclopedia
Quickbase, Inc.
TypePrivate
IndustryPlatform as a service
Digital transformation
Enterprise Software
Founded1999
HeadquartersCambridge, Massachusetts, U.S.
Products
  • Quickbase platform
RevenueIncrease $125 Million(2019)[1]
Number of employees
Approximately 314 (2018)
Websitewww.quickbase.com

Quickbase, Inc., provides a low-code application development platform called Quickbase. Headquartered in Cambridge, Massachusetts, the company was divested from Intuit in March 2016. In Jan 2019, Private-Equity firm Vista Equity Partners announced buying a majority stake in Quickbase from Welsh, Carson, Anderson & Stowe for a reported $1 billion. [2][3][4] Quickbase is used by more than 6,000 customers, including half of the Fortune 100,[5] across a variety of industries and use cases, including process and project management, asset and order tracking, customer and contracts management, time and expense, sales and HR applications. Competitors include Appian, Oracle APEX, Microsoft PowerApps, , and OutSystems.[6]

History[]

In 1999, Joe Rice, Jim Salem, and Claude von Roesgen developed OneBase, a web-based multi-tenant architecture based database service to enable easy access, consolidation and sharing of business information.[7] That fall, Intuit added oneBase to its product portfolio, which includes QuickBooks and TurboTax.[7] In 2000, Intuit renamed oneBase and launched Quickbase, described at the time as a "web-based tool for sharing information that will revolutionize how small businesses and workgroups collaborate with employees, vendors and customers".[8]

In 2005, Quickbase was chosen as PC Magazine Editors' Choice.[9] The same year, Quickbase won the SIIA Codie Award for "Best Business Software Product or Service."[10]

In 2015, Intuit announced plans to divest itself from Demandforce, Quickbase and Quicken operations.[11] Quickbase received a 4/5 star review in CloudPro Magazine[12] and won the SIIA CODiE Award for Best Real Estate/Construction Management Solution[13] and finalist for Best Cloud Platform as a Service.[14]

In 2016, Welsh, Carson, Anderson & Stowe completed its acquisition of Intuit Quickbase.[15]

In January 2019, Vista Equity Partners purchased majority equity in the company for more than $1B. Welsh, Carson, Anderson & Stowe remains a minority stakeholder.[16] In August, Quickbase buys Cloudpipes, which provides integration and automation tools for business applications through a cloud-based platform.[17]

In January 2020, Quickbase Inc. was included on Built in Boston's list of Best Midsize Places to Work in 2020.[18]

Services[]

Quickbase is a low-code platform[19] that allows non-technical developers to build, customize and connect secure cloud applications without compromising IT governance and control. The platform is known for empowering citizen developers[20] in the line of business to deliver "right for me" cloud applications with the visibility and accountability required by IT.

References[]

  1. ^ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". Wall Street Journal.
  2. ^ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quickbase". Wall Street Journal. Retrieved 31 August 2019.
  3. ^ "Intuit sells Quickbase to private equity firm". ZDNet. Retrieved 2016-03-08.
  4. ^ "Intuit Plans to Sell Quickbase Business to Private Equity Firm". Bloomberg.com. 8 March 2016. Retrieved 2016-03-08.
  5. ^ "Intuit Announces Sale Of Quickbase Low-Code Platform". forbes.com. Retrieved 2016-03-08.
  6. ^ "Quickbase Review". PCMag. Retrieved 2019-07-25.
  7. ^ a b "About Quick Base". Quick Base. Retrieved 16 September 2019.
  8. ^ "Intuit Unveils Web-Based Tool For Sharing Information". Intuit.com. Archived from the original on 2005-12-20.
  9. ^ "Quickbase for Corporate Workgroups, Spring 2005 Version". PCMag. Retrieved 2005-05-18.
  10. ^ "Best Business Software Product or Service". SIIA.net. Retrieved 2005-04-14.
  11. ^ Beckerman, Josh (20 August 2015). "Intuit to Divest Itself of Demandforce, Quickbase and Quicken". Wall Street Journal. Retrieved 2015-08-20.
  12. ^ "Intuit Quickbase review - An extraordinarily powerful and flexible database SaaS". CloudPro. Retrieved 2015-10-23.
  13. ^ "Winner In: Best Real Estate / Construction Management Solution". SIIA.net. Retrieved 2015-05-20.
  14. ^ "Best Cloud Platform as a Service". SIIA.net. Retrieved 2015-05-20.
  15. ^ Prmack, Dan (4 April 2016). "Term Sheet -- Monday, April 4; Random Ramblings". Fortune. Retrieved 22 December 2018.
  16. ^ Cooper, Laura (13 January 2019). "Private-Equity Firm Vista Buys Majority Stake in Quick Base". WSJ. Retrieved 13 January 2019.
  17. ^ Bridgwater, Adrian (14 August 2019). "Boston's Quick Base Buys Bulgarian Cloudpipes -- Because Low-code Needs An Integration X-Factor". Forbes. Retrieved 31 August 2019.
  18. ^ GmbH, finanzen net. "Quick Base Named a Best Place to Work in 2020 by Built In Boston | Markets Insider". markets.businessinsider.com. Retrieved 2020-03-26.
  19. ^ "Citizen Developers: Low Code Is Now Enterprise-Class". Forbes.com. Retrieved 2016-05-16.
  20. ^ "How A Forrester Analyst Learned Citizen Developers Exist". cmswire. Retrieved 2015-12-23.

External links[]

Retrieved from ""