# Outbox Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/outbox-systems

- Industry: Software
- Headquarters: Salt Lake City, US
- Website: www.simplus.com
- Total disclosed funding: $41M
- Latest round: Series C (Jan 29, 2019)
- Investors on record: 10

## About

Outbox Systems, Inc. is a technology firm specializing in Salesforce implementation and optimization services, facilitating digital transformation for various industries through tailored solutions and strategic managed services.Founded in 2014, Outbox Systems is based in Salt Lake City, US, focusing on delivering Salesforce-focused services. The firm underwent a strategic acquisition by Infosys Limited in February 2020 for USD 200 mn, with an additional USD 50 mn in milestone payments expected. The company has completed 11 deals to date, reflecting its active participation in the technology sector.Simplus specializes in providing a comprehensive suite of Salesforce implementation and optimization services designed to facilitate digital transformation for businesses across various industries. Their core offerings include Strategic Managed Services, which provide resource continuity and flexible capacity planning for the entire Salesforce stack, alongside innovative solutions aimed at addressing specific pain points within organizations. By leveraging their expertise, Simplus assists clients in optimizing their Salesforce investments through seamless multi-cloud implementations, API-based integrations, and customized support services. Their clientele encompasses a diverse spectrum of sectors, including manufacturing, healthcare, and financial services, with a global reach that extends to markets such as North America, Europe, Asia Pacific, and beyond. The solutions offered are instrumental in helping organizations accelerate time to value, enhance operational efficiencies, and achieve substantial business value through Salesforce's suite of 12 industry clouds.Simplus generates revenue primarily through its Strategic Managed Services and Salesforce implementation projects, which are structured as B2B contracts with organizations seeking to enhance their digital capabilities. These engagements typically involve long-term partnerships, where clients subscribe to ongoing support services that include training, documentation, and continuous optimization of their Salesforce systems. The pricing structure is designed to accommodate various client needs, often involving customizable plans based on the scale and complexity of the services provided. Flagship offerings, such as comprehensive multi-cloud implementations and tailored Salesforce solutions, play a crucial role in the firm’s revenue stream, enabling clients to maximize their return on investment while ensuring reliable system performance. Through its diverse client base, Simplus solidifies its presence in the market, underscoring the importance of strategic partnerships and service enhancements in driving business growth.Outbox Systems is poised for growth following the acquisition by Infosys Limited, which is expected to close in the fourth quarter of 2020. The company plans to leverage the resources and expertise of Infosys to expand its service offerings and enter new geographic markets. Specific plans include the introduction of new Salesforce solutions aimed at enhancing digital transformation for clients in targeted sectors. The recent funding will aid in scaling operations and enhancing service delivery, allowing Simplus to cater to a broader client base and introduce innovative products in the market.

## Funding rounds

- Series C, Jan 29, 2019, $20M — EPIC Ventures, Savano Capital Partners, Cross Creek, Salesforce Ventures, University Growth Fund, Kensington Capital Ventures
- Series B, Dec 1, 2017, $9.3M — EPIC Ventures, Cross Creek, Salesforce Ventures
- Series A, Sep 30, 2016, $7.3M — EPIC Ventures, Silicon Valley Bank, Salesforce Ventures
- Seed, Jul 13, 2015, $4.2M — EPIC Ventures, Prelude Ventures, Silicon Valley Bank, Infinite Investments, Service Provider Capital

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Seed, Series A, Series B, Series C
- Prelude Ventures — Seed
- Silicon Valley Bank — Seed, Series A
- Infinite Investments — Seed
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A, Series B, Series C
- Cross Creek (https://capitalatlas.ai/funds/cross-creek) — Series B, Series C
- Savano Capital Partners (https://capitalatlas.ai/funds/savano-capital-partners) — Series C
- University Growth Fund (https://capitalatlas.ai/funds/university-growth-fund) — Series C
- Kensington Capital Ventures (https://capitalatlas.ai/funds/kensington-capital-ventures) — Series C