Jaideep Kelramani

It's pretty simple.

Legacy Services offers solutions in the compliance management space to companies that would want a sophisticated system to manage all their compliances, right from regulatory compliances to internal compliances.

And we offer a software that allows them to track all the compliances that they have to adhere to.

as one part we kind of go in and help them with the regulatory mapping it could be across 3000 laws not that all laws are applicable to every business and then our software allows them to track it on a regular basis with the right kind of intervals and the notifications and then we continue our services with regular updates on any regulatory changes so that the business doesn't have to worry about new

or new updates on the law.

So we offer them a full package and we charge them on a one time basis or on a subscription basis.

We've got two billing models.

So at this stage, the markets that we operate in are primarily operating on a one-time model, and we are witnessing a significant shift towards the SaaS-based model.

as the new economic companies are embracing our solutions.

So in the last 12 months, I would say the breakup is roughly between 85% one-time and 15% SaaS, but the number is going to shift towards the SaaS model in the coming years.

So we've kept the model very simple, roughly about, say, $9 per user per month.

And we do not distinguish between the type of users.

So whether you're a general counsel or a company secretary or a regular compliance user or someone who's just kind of reporting the compliance of the system, it doesn't matter.

It's one price across all user types per user per month.

And when did you launch the company?

What year?

So Legasys as a business has been around for the last 12 years.

But last year we acquired this SaaS based company, which is called Comply Global.

And that's been around for two years now.

And I'm the CEO for both Legasys and the company that we acquired.