Payne: Code42 sold CrashPlan for $250 million
Joe Payne · He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next? · Nov 1, 2023 · at 11:57
Code42 CEO Joe Payne details the financial terms of divesting the CrashPlan backup business to private equity firm Mill Point Capital.
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“And we sold it for two hundred and fifty million dollars.”
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