Glider had built a beautiful, modern contract management platform.
With the acquisition “FPX now has one solution to manage the entire end-to-end sales process that extends beyond what other CPQ software vendors can offer, including managing the closing process through workflow automation and prescriptive analytics,” said FPX CEO David Batt in their announcement.
The Glider team, just 4 people, will remain in Portland as the new FPX Portland office.
Glider founder and CEO Eli Rubel said that FPX is dedicated to aggressively growing the product and that “they bought us for us and the product.”
The company was a graduate of the Portland Seed Fund program and the second graduate to be acquired in recent weeks. The other being Vizify, which was acquired then shut down by Yahoo.
While terms of the deal were not disclosed, Portland Seed Fund manager Jim Huston said “it was a good exit for us.”