Disclosure
Alves says all new ASI sales are cloud subscriptions
“Today, all of our new sales are a subscription, you know, in the cloud.”
Disclosure
ASI generates $5M pure SaaS out of $60M total revenue
“About five million, which is about our new sales number, you know, out of about sixty million.”
Disclosure
ASI earns $25M from on-premise software update subscriptions
“People bought our software as a traditional license, but then had to pay a 25% of list price fee. So another twenty-five million is a subscription, even for people who are not in a pure place SAS structure.”
Disclosure
ASI serves 600 cloud clients and over 1,000 on-premise clients
“So we do have five or 600 clients in the cloud. And then you know, more than a thousand that are on the, in the field on premise.”
Assertion Supported
ASI built the first Windows software package for nonprofits
“Windows was emerging, so we built a package, the first package for Windows and it took the company, you know, really literally in three years all over the world.”
Disclosure
ASI's SaaS business is growing approximately 60% year-over-year
“Our SaaS business is growing about 60%.”
Assertion Not checkable as stated
ASI experiences roughly 2% annual gross revenue churn
“I said pro plus 95, so it's probably more like two percent revenue churn.”
Disclosure
ASI targets 101% net revenue retention this year
“I can tell you this year, we have a goal to have a positive revenue churn, a 101% revenue churn.”
Assertion Partly supported
ASI has raised $56M in total capital to date
“Fifty-six million dollars.”
Assertion Not checkable as stated
Advanced Solutions International is currently cash flow positive
“Yes, we are.”
Disclosure
ASI had zero cloud revenue until three to four years ago
“Back about three or four years ago, there was, it was zero.”
Disclosure
ASI charges clients an upcharge to migrate to the cloud
“When people move from on-premise to the cloud, they pay an upcharge.”
Assertion Not checkable as stated
ASI relies on 100 channel partners and 25 salespeople globally
“So we have about a hundred business partners that sell out, sell and service our products. And we have roughly 25 salespeople around the world for new and existing clients.”
