Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Neil Breaux

๐Ÿ‘ค Speaker
241 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

We were getting very close to going public at the tail end of last year, December.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

And fortunately, we've got great investors.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

We're owned, as I said, by Silver Lake, who owns about 80% or

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

a large percentage of the company, as well as GE and then Salesforce Ventures.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

And we had created a process to go public.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

Thank God we didn't go public because of what we're watching in the marketplace.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

And as a private company, we're able to still stay focused on customers and our employees versus all the mayhem that's going on with public companies.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

But I think the last disclosure we made was we were approaching $150 million plus of ARR.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

So

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

When was that?

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

As well as getting operating profit and free cash flow positive as well.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

It's a big point of differentiation that we've done over the last three and a half years as a standalone company coming out of GE.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

I think November of last year.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

Last exposure.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

Our Q1 run rate, we're a private company, but I'd target it as 30% plus on organic growth that we've been getting out of the business.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

We've been doing a 20% to 35% is the vicinity where, at scale, it starts to make sense, plus then view around profitability and free cash flow, which we've been really focusing on as well, in addition to the growth, Nathan.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

This is the best part of the conversation, in my opinion.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

So the company was formed 15 years ago by much smarter people than me.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

Founders Athani and Hari built the company, actually, and was one of the hottest startups, which ultimately got sold to GE, I think in 2016, Nathan, for close to a billion dollars.

SaaS Interviews with CEOs, Startups, Founders
ServiceMax Breaks $150m ARR, Kills 2021 SPAC, Growing 20-35% This Year Helping 400 Customers Schedule Technicians to do Physical Repairs

So did a phenomenal job with answering your question, which is what we still do.