QuickBase was spun off by the software company in March 2016 and has been led by CEO Rick Willet since then. The investors did not disclose the amount of funds involved. QuickBase, based in Cambridge, Mass., said proceeds will be used to accelerate development. QuickBase is designed to enable professionals to build business applications with no prior database, programming or development skills required. QuickBase was developed by the former Turning Mill Software in 1999 and named OneBase. Intuit acquired the company the same year and renamed the product. QuickBase developed a reputation for such programming while at Intuit but its capabilities were too much to fit into Intuit’s low-end software world. The company says it has more than 5,400 customers in business of all sizes across wide range of industries.
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QUICKBASE TO GET NEW OWNER Featured
QuickBase has signed an agreement to receive a majority investment by Vista Equity Partners. Current investor Welsh, Carson, Anderson & Stowe will retain what was called “a significant investment in the company.”
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