Servoy
company on 1 show · 16 statements across 1 episodes · said 30 times in 1 episodes since 2019
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2019 30 mentions in 1 episode
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16 statements about Servoy, every show
Aleman stepped down as CEO after his COO asked for the job
“So I've been CEO of the company for 15 years. And two years ago, my CEO came to me, and he'd been managing the company for me for about five, six years. And he came to me and he said, I want your job. I think I can do it better.”
Aleman: Servoy is on track for $30M ARR, targeting $40M next year
“Well, so this year we're going to do a 30, so for next year, if we, we're happy if we're going to hit 40 with our existing cash flow without external funding, and then we believe we're ready to make the next step.”
Aleman: Servoy may pursue strategic partnership or VC next year
“Next year would not be unlikely for us to start looking at Either a strategic partner or a, or classic venture capital to further accelerate the growth.”
Aleman: Major IT vendors lack up-to-date low-code offerings
“Nearly all of those vendors at Dell want to move into this market into the space of low code software development, don't have a current or don't have an up to date offering.”
Aleman: Servoy recovers customer acquisition costs in 12 to 14 months
“Our customer acquisition cost is, is about one year of new revenue that they bring in. So in about 12 to 14 months, we recover from customers that are onboarding onto onto the platform.”
Aleman: PaaS platform churn drops once customers build applications requiring rewrites
“So we typically see churn at the start of getting a new customer on board. Once you're, or into the platform, once you've developed a bunch of applications, the stickiness is is very good. Also because you would have to redo your applications.”
Aleman: Servoy achieves negative net revenue churn with 3% annual logo churn
“That's our revenue churn is negative. So a lot of current customers are growing. Our logo revenue has been fairly stable at three percent in the past years.”
Aleman: Servoy raised only $1M in total outside capital
“One million in, in external financing, everything else by the founders.”
Aleman: Servoy has been profitable for 15 years
“We have a healthy revenue within a company where we've been profitable since 15 years as an organization.”
Aleman: Outside funding could return Servoy to 100% annual growth
“We believe that with an additional funding round, we could put the growth rate back to a hundred percent year over year.”
Aleman: Servoy stabilized at 30% revenue growth without outside funding
“In the past five years, we've sort of stabilized that at around 30%, and that's the revenue rate at which we can grow. Without doing external funding”
Aleman: Servoy serves over 1,000 customers
“So today we're serving a little bit more than a thousand customers and growing at the moment.”
Aleman: $5,000/month is low-end average for ISVs, typical for corporate clients
“I would say that it's on the low end of our average. If you look at ISVs, it's sort of on our average when I look at corporate clients.”
Aleman: Servoy charges software company clients 2% of their total revenue
“Now, if you look at software companies, then because they're paying a percentage, that can also vary depending on their own size. So usually, in reality, it's around two percent of their total revenue.”
Servoy Charges Software Companies a Percentage of Their End-Product Pricing
“So we price around the usage of the platform. So with a, typically with corporate users that can be on a per user basis with software companies, we typically charge as a percentage of what they charge for their products.”