Tom Kemp, co-founder and CEO of Centrify, breaks down the company's historical venture capital fundraising with Nathan Latka.
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…”
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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.”
Disclosure
Kemp: Centrify Initial Enterprise Deals Exceed $100K
“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.”
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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.”
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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.”
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Kemp: Two-thirds of Centrify's net new business comes from existing clients
“Yeah, we definitely in a given core, if you take away the subscription renewals and maintenance renewals, and then you look at the net new business, about two thirds of our net new business is existing customers.”