George Gallegos, CEO of integration platform Jitterbit, discusses the company's funding history with Nathan Latka.
0:00 / 0:11exact quote · 11.1s
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“Salesforce.com was the first strategic investor, followed by Autodesk, and then last year I brought in KKR, the growth side, the technology growth fund of KKR.”
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More from George Gallegos
Opinion
Gallegos: Jitterbit's architecture is more cloud-native than MuleSoft's
“We're very similar to what MuleSoft does but we're more more, more cloudy, if you will, than say MuleSoft.”
George GallegosFeb 8, 2018▶ 3:09929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
PredictionNot checkable as stated
Gallegos: Jitterbit aims for IPO and positive cashflow in two years
“We've got two years of cash in the bank and our plan is to be cashflow positive and in a position to do an IPO at that time.”
George GallegosFeb 8, 2018▶ 5:29929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
AssertionNot checkable as stated
Jitterbit's annual recurring revenue is between $40M and $50M
“That's probably still less. Yeah. 40 and 50.”
George GallegosFeb 8, 2018▶ 9:27929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
Disclosure
Gallegos: Jitterbit would reject a $500M buyout to pursue an IPO
“No, we, at this point, we've got a big a big growth opportunity and an opportunity to achieve an IPO. So that's the path our investors like to see us on.”
George GallegosFeb 8, 2018▶ 17:35929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
Disclosure
Jitterbit's average customer pays approximately $50K annually
“I would say the average is in the 50,000 per year range, which is why we're not similar to a Zapier, but similar to a Mule.”
George GallegosFeb 8, 2018▶ 3:35929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
Disclosure
Jitterbit has raised $25M in total capital
“Twenty five million.”
George GallegosFeb 8, 2018▶ 5:07929 MuleSoft 2.0? Passes $40m in ARR Integration Platform as a Service
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