Tacton named a leader in the 2023 Gartner® Magic Quadrant™ for Configure, Price and Quote (CPQ) Applications
Finding the right Configure, Price, Quote software is a pivotal decision, particularly for manufacturers in the custom industrial products, capital machinery, and heavy equipment sectors. Our CPQ partner Tacton has been named a Leader in the 2023 Gartner® Magic Quadrant™ for Configure, Price and Quote Applications. This recognition is a testament to the hard work and innovation that the Tacton team has put into their work to delight their CPQ customers.
Tacton’s Chief Executive Officer, Bo Gyldenvang stated the importance of this placement:
“We firmly believe that our consistent placement as a Leader in the Magic Quadrant™ year after year is a testament to Tacton’s unwavering commitment to the manufacturing sector. As a dedicated CPQ software provider tailored to the unique requirements of highly configurable, heavy manufacturing sales, and engineering processes, we take pride in our role as a trusted partner in this industry,” (…) “Being positioned as a Leader in the Gartner® Magic Quadrant™ aligns perfectly with our ongoing mission to offer the most reliable CPQ solution available. We cherish this honour and remain steadfast in our commitment to setting new standards within our field in the years ahead.”
According to Gartner, in 2022, the CPQ applications market grew by 13.1% to an estimated $1.72 billion. This Magic Quadrant evaluates 16 vendors to help CSOs find the best one for their needs. Excerpt from the evaluation: “Tacton is a Leader in this Magic Quadrant due to its increasing market presence, well-architected product and a clear focus on the manufacturing industry. Tacton CPQ is best suited for heavy manufacturers with complex products and visualization requirements. The product includes some lightweight CRM capabilities of its own and integrates with Salesforce Sales Cloud or Microsoft Dynamics 365 Sales. Resellers are supported by an integration with Salesforce Partner Relationship Management. The product exposes APIs upon which it is possible to compose a custom self-service UI.”