#165 on the board

D

Conga

CompanyConcerning38/100low confidence · 3 issues
2 opposed1 supported

Receipts

3

Against

2

Revenue lifecycle management.

IndustrySaaSFounded2006Headcount1,000+Raised$500M · Privateconga.com

The receipts (3)

Supported🤖AI EthicsJun 2024

Conga introduced AiMe, its unified AI layer designed to bring prescriptive, agentic, and proactive intelligence to customer workflows. Built into the Conga Advantage Platform, AiMe connects data, predicts next-best actions, automates tasks, and adapts in real time. Conga earned an A rating in MGI Research's 2025 Buyer's Guide for AI-driven enterprise contract management. The company has 10+ years of AI and CLM experience with over 1,165 built-in models.

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Opposed📉LayoffsMay 2020

Conga laid off 11% of its staff in June 2020 following the $715 million Thoma Bravo-backed merger with Apttus. The layoffs affected employees primarily in Professional Services, Customer Success, Sales, and Sales Engineering. By 2021, 40% of Conga's global workforce (725 employees) was based in India, representing 75% of its engineering team, as the company shifted operations offshore after the deal closed.

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Opposed👷Worker TreatmentMay 2020

Following the Thoma Bravo-backed Apttus merger in May 2020, Conga underwent significant leadership and workforce changes. The entire executive board was replaced within a year. By August 2021, the company had shifted 75% of its engineering work to India, where it employed 725 people—40% of its global workforce. In September 2025, Thoma Bravo announced plans to combine Conga with PROS B2B assets as part of the $1.4 billion PROS acquisition.

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