Brandwatch CEO Giles Palmer describes BuzzSumo's lean organizational structure prior to acquisition.
Opinion
Palmer: None of the 2012 social software acquisitions became meaningful businesses
“I mean, and actually if you look at those acquisitions, None of them really have gone on to meet, to be meaningful.”
Opinion
Palmer: Major 2012 social intelligence acquisitions failed to become meaningful businesses
“I mean, and actually, if you look at those acquisitions, None of them really have gone on to meet, to be meaningful.”
Insight
Palmer: 2012 social SaaS acquisitions failed due to premature buyouts
“So it, and that would indicate to me that they were bought prematurely. You know, they weren't mature businesses. They hadn't figured out what, why they existed and what they were trying to solve for.”
Disclosure
Palmer: Brandwatch acquired BuzzSumo for 3x to 5x revenue in cash
“Did we pay five X? No, not quite, but you know, it's, you are north of three X. I'm not saying, but it was a good, it was a, the founders at BuzzSumo did great. It was a cash, almost exclusively cash deal.”
Assertion Not publicly verifiable
Brandwatch is profitable, employing 420 staff with over $60M in revenue
“You know, this year we'll do more than sixty million dollars in revenue, and there's 420 staff in the business, so, and it's profitable.”
Opinion
Salesforce and NetSuite have natural organizational virality that specialized SaaS lacks
“I'm envious of companies like NetSuite and I guess Salesforce that just end up having this kind of viral effect across once they get it, once they get a customer. We have to work very hard for retention. We have to make our products incredibly sticky.”