Jim Fowler
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's the data cloud.
We were, um, our previous year was I think 17 million, 18 million.
And then, you know, our, we were on a 25 million run rate at that point in time and we were growing very quickly.
Yeah.
We would have our run rate at the point of sale was about 25 million and run rate when we got bought.
Exactly.
Exactly.
We were profitable.
Um, of course we were invested.
We just basically kept our cash even.
Um, and, uh, but we were cashflow positive at that point in time.
If you go look at all the press releases that Salesforce did, they announced the deal at 142, but it was actually 150 because we had 8 million in cash when we got bought.
So that just went right back to shareholders.
Got it.
What they were really trying to do at that point in time, they were very sensitive to their stock price getting pummeled for overpaying.
They had never bought anything for more than $30 million.
Now they go out and do huge acquisitions, and that's a small acquisition.
But back in 2010, this was very scary for them.
So they wanted to go to the street and not look like they were overpaying because our revenue multiple was very high.
But then it was big.