HubSpot to Acquire B2B Billing Management and CPQ Solution, Cacheflow
Summary
With this acquisition, HubSpot expands commerce capabilities for subscription billing and quote-to-cash automation to help customers close deals faster HubSpot, Inc. (NYSE:HUBS), the customer platform for scaling businesses, announced today that it has entered into a definitive agreement to acquire Cacheflow, a leading B2B subscription billing management and configure, price, quote (CPQ) solution. View the full release here: https://www.businesswire.com/news/home/20241011791781/en/ Since launching Commerce Hub in 2023 with simple invoicing and payments, HubSpot has processed more than $1 billion in GMV. With the acquisition of Cacheflow, HubSpot will further strengthen Commerce Hub to improve a critical part of the customer experience: the buying process. With Cacheflow, were doubling down on our vision for commerce by addressing two important areas of the buying experience: subscription billing and configure, price, quote (CPQ)," said Yamini Rangan, CEO of HubSpot. "We made it our mission to reimagine the old CPQ and billing space, helping businesses automate revenue management, shorten the sales cycle, and get paid fast," said Sarika Garg, Co-Founder of Cacheflow.
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