The Ledger
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IBM, Salesforce, and SAP are bad at experience management, says Stamer
“So we have a very powerful content management platform, but the e-commerce platform from IBM, Salesforce, and SAP, they are pretty bad at experience management. So they basically give you the transactional capabilities to sell stuff and pay for it, but they re…”
Stamer: High-end brands must become trusted digital butlers or fail
“So I think we will see high-end brands who will be digital butlers. Completely trust. And if not, they will out of the game.”
Integrating on top of enterprise giants beats competing directly with them
“Competing with Salesforce, IBM, and SAP, that's a tough game. But basically going on top of them, basically making their customers even happier, that's a very attractive one”
Stamer: CoreMedia powers ecommerce for Ferragamo and Yoox Net-a-Porter
“So we work with brands like Salvatore Ferragamo or brands like Jukes Net-a-Porter that run, I think they are the global market leader for luxury brands online. So they run 40 different brand stores for Amani, Valentino, Diesel, and many others.”
Stamer: CoreMedia generates roughly 10% of revenue from pure-play cloud SaaS
“On the cloud right now, maybe 10%. So we're just moving there.”
Stamer: CoreMedia contracts range from $100k to over $1M annually
“The lowest point is about a 100,000 a year. But we have customers with more than a million.”
Stamer: CoreMedia average annual contract value is $450k to $500k
“Yeah, it's more like 450 to 500, yeah.”
CoreMedia raised April 2000 round at 30x projected forward revenue
“It was, I think, 30 times the revenue of the next fiscal year that we projected was the valuation, and we didn't have any strings attached.”
CoreMedia surpasses $20M in revenue and $10M in ARR
“We are now above twenty million in dollars. We are ARR is above 10, and we're growing with, like around about 20, 25% ARR growth a year.”
CoreMedia reports minus 8% net revenue churn
“Our churn rate is basically net negative for revenue. So it's kind of- ... We basically with the former customers was like minus eight percent. So we grow our revenue base with the existing customers.”
CoreMedia powers digital infrastructure for the German government and military
“The German government is our customers, because they basically, they build huge infrastructures to do all this digital, you know, like, Stuff for voters and for the German army.”