Cloudpipes, a BrightCap Ventures portfolio company for workflow automation, has been acquired by Quick Base, a leading low-code platform backed by Vista Equity Partners.
visual by Quick Base
Cloudpipes, a BrightCap Ventures portfolio company for workflow automation, has been acquired by Quick Base, a leading low-code platform backed by Vista Equity Partners.
The combination of Cloudpipes integrations and automations combined with Quick Base’s market-leading cloud platform creates a unique value proposition in the low-code landscape. “The acquisition of Cloudpipes represents a big step forward in our strategic vision that will redefine the low-code category” said Rick Willet, Quick Base CEO.
Cloudpipes was selected amongst more than 30 potential acquisition targets – a testament for the technical prowess and market alignment of Cloudpipes’ workflow automation platform. As part of the landmark deal for the local ecosystem, the Sofia-based Cloudpipes engineering team will expand almost tenfold and develop into a major R&D centre for Quick Base. “The merger with Cloudpipes will also provide Quick Base with a highly trained technical workforce in Sofia, Bulgaria, where the London company has a development center. In Bulgaria the local university graduates five thousand IT professionals a year and it’s a hotbed for strong talent” added Rick Willet in an interview with the Wall Street Journal.
The acquisition marks BrightCap’s first exit exactly a year after the fund was launched.