Sramana Mitra: It sounds like you did a bunch of e-commerce systems at a couple of hundred thousand dollars a pop in the early days of the company. What’s the next major milestone? How long did it take you to get to a $100 million in revenue, for instance? Faisal Husain: We started in mid-2001.
Dave Terry: Our competitors were historically Concur and the big ERP players who have their own shallow apps and then some of the older generation products. While they aren’t out there actively selling, they are supporting their own customers and attempting upgrades. In that market, the older vendors are beginning to be dismissed by most of
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I did a company in the sales lead generation and qualification space using Artificial Intelligence back in 1998. We were very, very early. It’s exciting to see the movements in the space, and how EverString is succeeding almost 20 years later. Sramana Mitra: Let’s start with the very beginning of your story. Where are you
Sramana Mitra: At the end of 2013, you put in this $17 million. At this point, you have about $20 million of external capital in the company. Dave Terry: That’s exactly right. Then we put that to work in the exact same manner. It was really proportional. We now have even more international sales. We are setting up more
Sramana Mitra: What was the concept around which you founded Synechron? Faisal Husain: The concept was based on being a customer of this industry. I saw a gap in the service that I was getting from the company out in the market. The gap was that they didn’t have sufficient business skills. The whole outsourcing model
Sramana Mitra: Let’s switch the questioning. Tell us about how your business has ramped. You started in about 2003 and you’ve, obviously, evolved and maneuvered well strategically. What has been your revenue trajectory? Where are you now? What kind of growth rates are you experiencing? Sai Gundavelli: For the first five years, we were really
Dave Terry: The company had been growing at a really nice growth rate. I think at that point we were in the Inc. 500 list two or three years in a row. We were really funding things out of profits but we had a few investors calling us constantly. We thought that we can keep