Centrify CEO Tom Kemp breaks down the company's quantitative customer acquisition cost model across renewals, expansion, and net-new customer acquisition.
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“What we do is we actually do a CAC based on what it costs to have people renew. And it turns out that's very cheap. It's less than 10 cents on a dollar because people are already hooked on the, Hooked on it, right?”
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More from Tom Kemp
Opinion
Kemp: Legacy identity competitors like IBM and Oracle are not cloud-based
“Most of the competition we have are these legacy old time vendors, the CAs, the IBMs of the world. Historically, Oracle has some technology in this area as well. Those are the type of people that have historically been in enterprise identity but obviously they…”
Tom KempFeb 19, 2018▶ 11:22940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
AssertionNot checkable as stated
Centrify passed $100M in annual bookings while reaching cash-flow positivity
“So our last fiscal year ending June, we did well over a hundred million dollars in bookings and you know, been growing very nicely, but the other big milestone we hit was cashflow positive.”
Tom KempFeb 19, 2018▶ 8:39940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
“I mean, if you look at large enterprises the initial deal is well over a 100,000 dollars for small and medium sized organizations, the initial deal is maybe 30, 40, 50,000 dollars.”
Tom KempFeb 19, 2018▶ 2:57940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
AssertionSupported
Centrify raised $40M in its last round and $90M total
“The last round we raised was four years ago where we raised forty million dollars, but all told, we have about ninety million dollars into the business”
Tom KempFeb 19, 2018▶ 4:37940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
AssertionNot checkable as stated
Centrify counts almost two-thirds of the Fortune 50 as customers
“We have almost two thirds, the fortune 50 as customers. So we're very much more focused on enterprises and selling to the global 2000. That's where the bulk of our revenue comes from.”
Tom KempFeb 19, 2018▶ 9:34940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
AssertionNot checkable as stated
Kemp: Centrify collects over 95% gross dollar retention
“That's actually on a dollar amount. So we look at the annual contract value, what's due up and we actually collect over 95% of that.”
Tom KempFeb 19, 2018▶ 16:32940 5000 Enterprises Pay Him $100m+ in ARR To Battle CyberSecurity Threats
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