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Oracle Acquires BigMachines - Quick Facts

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10/23/2013 8:19 AM ET

Oracle Corporation(ORCL: Quote) has agreed to acquire BigMachines, a cloud-based Configure, Price and Quote or CPQ solution provider. BigMachines' CPQ Cloud accelerates the conversion of sales opportunities into revenue by automating the sales order process with guided selling, dynamic pricing, and an easy-to-use workflow approval process, accessible anywhere, on any device.

BigMachines' CPQ cloud extends sales automation to include the creation of an optimal quote, which enables sales personnel to easily configure and price complex products, select the best options, promotions and deal terms, and include up sell and renewals, all using automated workflows.

Combining with Oracle's enterprise-grade cloud solutions, including Marketing, Sales, Social, Commerce and Service Clouds, Oracle and BigMachines would create an end-to-end smarter selling cloud solution so sales personnel are more productive, customers are more satisfied, and companies grow revenue faster.

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by RTT Staff Writer

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