Cameleon Software Gets Acquired For $33M By PROS, A Big Data Solutions Company

Who said innovation in Europe was slowing? Not us…

TechCrunch

Cameleon Software, a publicly traded company on the Paris Bourse that automates price quotes, has been acquired for $33 million in an all-cash transaction by PROS, a big data software company. The deal has the approval of Cameleon’s largest shareholders and now faces the process of regulatory approval.

Cameleon is in the increasingly competitive configure per quote (CPQ) market. Its technology streamlines a sales person’s quote-to-order process that integrates Salesforce, SAP, Oracle and Microsoft. It is available as a SaaS platform and for installation in the enterprise.

PROS provides solutions, mostly in the sales cycle, that helps customers use data more effectively. Its offerings are designed to find patterns and preferences within transaction data and help customers determine which accounts are most likely to sell and at what price.

How this acquisition represents a big data deal is not entirely clear. Cameleon provides ways to configure quotes. It’s conceivable that data will get infused into the configuration process. But really, this…

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