ASI's SaaS business is growing approximately 60% year-over-year
Bob Alves · 1637 The Art of Shifting $60M in 1991 Revenue to Pure SaaS · Jan 17, 2020 · at 6:08
Bob Alves, CEO of Advanced Solutions International (ASI), discusses the year-over-year revenue growth rate of ASI's pure-play SaaS product.
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“Our SaaS business is growing about 60%.”
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More from Bob Alves
Alves says all new ASI sales are cloud subscriptions
“Today, all of our new sales are a subscription, you know, in the cloud.”
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.”
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.”
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.”