Sramana Mitra: It sounds like when you did the cloud strategy, you almost did it with a different product. Even though the technology was the same, the positioning was quite different. The board technology was for the cloud software. Paroon Chadha: As an organization, we made the jump from being a Windows company to a
Sramana Mitra: What level of revenue did you get to before the LSI acquisition? Nelson Nahum: I think we were in the $10 million range. Sramana Mitra: How much did you sell for? Nelson Nahum: It’s confidential. It was good for most of the people. Sramana Mitra: So the bottomline is that you made some
Read how a 34-year old company has carved a niche in the cloud. Sramana Mitra: Let’s start with introducing our audience to Condusiv. What do you do? How do you map the ecosystem? Brian Morin: We just turned 34 years old this month. We’re the 12th oldest software company in the world. What’s interesting though
Sramana Mitra: Given that was your analysis of the market, how did you get the venture off the ground? Did you raise money? Did you self-finance? Dave Terry: It was just Alan and me. Our prior organization was an all licensed in-house model. We knew we wanted to build this entire organization as a SaaS infrastructure.
Sramana Mitra: Tell me more about what were the circumstances of starting this new company. Dave Terry: We had a large ERP system for these large law firms. ChromeRiver does expense reporting. We automate the labor-intensive and error-prone workflow process of expense reporting and supplier invoice management. While I was still at Elite, some of
Chrome River is successfully taking on Concur (now SAP) in the expense reporting SaaS space. Find out how. Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of circumstances? Dave Terry: I was born in Texas. I went to school
Pravin Kothari: We can actually do encryption of the data in such a way that every country’s compliance requirements can be met. The encryption keys are always in the country. It will never traverse the cloud provider side. The issue with cloud provider security is that even if they do encryption, encryption keys are always
Sramana Mitra: In terms of the competition, when you started tinkering with virtualization in 2005, it was lesser known and everything was immature. Today, it’s mainstream and well-penetrated. What is your experience of the evolution of the competitive landscape in the market? Adam Stern: It’s mainstream in that people know what cloud means. Quite often,