Broomfield-based Conga nets $70M investment from New York VC firm

BROOMFIELD — AppExtremes Inc., a developer of document generation and reporting applications operating under the trade name Conga, announced Thursday that it has received a $70 million investment from Insight Venture Partners, a New York-based private-equity and venture-capital firm.

The Broomfield-based privately held company in a prepared statement said the company experienced a 45 percent increase in annual revenue last year. It plans to use the money to continue to grow and accelerate product innovation.

Conga offers document generation and reporting applications for Salesforce customers. Available on the Salesforce AppExchange, the company’s products helps customers use their data in a wide variety of documents, including quotes, contracts, proposals and invoices.

The company was founded in 2006. It has a customer base of more than 140,000 users in 45-plus countries across many industries. It maintains support teams in the United Kingdom and Australia.

As part of the transaction, Insight’s managing director Nikitas Koutoupes and vice president Elodie Dupuy will join Conga’s board of directors.

on Facebook on LinkedIn