Lombardi Software

Founded in 1999, Lombardi Software, Inc. is headquartered in Austin, US, and specializes in pricing solutions. The company was acquired by IBM Corporation in December 2009, with the financial terms undisclosed.Lombardi Software specializes in providing comprehensive pricing solutions aimed at streamlining the pricing process for businesses across various industries. Their core product offering includes a sophisticated pricing tool designed to deliver accurate quotes to clients within 24 business hours upon request. This tool is particularly beneficial for companies that require timely and precise pricing to inform their decision-making processes. The software serves a diverse client base, including small to medium enterprises and larger corporations across North America and select international markets, helping them enhance operational efficiency and improve customer satisfaction.The revenue model for Lombardi Software primarily revolves around transactional engagements with clients seeking pricing solutions. The company operates on a direct-to-consumer basis, offering pricing tools that operate under a subscription model, ensuring ongoing revenue streams through renewals and updates. Clients typically engage with Lombardi Software by submitting pricing requests via an online form, and in response, they receive customized quotes that align with their specific needs.Following the acquisition by IBM Corporation, Lombardi Software focuses on enhancing its pricing solutions. The company is exploring new product developments, although specific release dates and details have not been disclosed.

1. Series D

   May 1, 2007

   Amount

   $8M

   Investors

   Locked

2. Series B

   Mar 29, 2004

   Amount

   $10M

   Investors

   Locked

3. Series C

   Feb 11, 2003

   Amount

   $13M

   Investors

   Locked