Art Papas
👤 SpeakerAppearances Over Time
Podcast Appearances
And I'm so glad they did that because that had a pretty transformative effect.
No, no, no.
It was tied to a destiny.
We're still 60%.
We really got hammered.
So then Vista Equity comes along and says, I want to buy your business.
And I was like, I'd never heard of Vista Equity.
I didn't really understand private equity, how it was different from venture.
I had heard all sorts of horrible stories about how like they just cut costs and it's all about managing the EBITDA.
Then I did some homework and I found out that that's not really what Vista is all about.
And like Highland coming in and sort of being really pro management and pro the company, so is Vista.
And that had a really positive effect.
And they allowed us to replatform our product, which at that point, SAS 1.0 product had never been developed.
redesigned with Stone Cold Fusion.
What was AR in 2012?
2012 was like 40.
40, yeah.
Yeah.
Oh, wow.
Okay.