Sramana Mitra: What are the open problems where you would encourage new entrepreneurs to start companies? Feyzi Fatehi: One question I ask people is, in your opinion, how many open source applications are legitimate and are legitimately accepted by the Fortune 1,000? How many open source solutions are now used in the Fortune 1,000 that
Sramana Mitra: I’m still missing what is the delta. Let’s say we’re building on Salesforce’s PaaS. Is that not a complete solution to go online as a SaaS product? Do people still need you to be in the middle of that? Feyzi Fatehi: Salesforce has a specific platform that people develop certain types of applications
Sramana Mitra: The key takeaway that I get from listening to you is that you can retrofit existing non-cloud software and turn them into SaaS implementation using your PaaS. Where you’re distinguishing versus other PaaS is that you have to build on top of technology stacks. Feyzi Fatehi: Well said with one exception. The software
Feyzi Fatehi: We were recognized by the Gartner group as a cool vendor for PaaS. We are one of those stacks specifically designed to transform software to Software-as-a-Service. Those are the capabilities that may take years to build given all the capabilities and stacks that are available. A good example is Mifos. This is a
Feyzi has built technology that enables legacy applications to become SaaS-enabled seamlessly and rapidly. Excellent thought leadership. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Corent Technologies. Feyzi Fatehi: I’m the CEO of Corent Technologies. Corent stands for core enterprise in the same way that Intel stands for integrated
Sramana Mitra: How long did it take you to productize everything? When you got this $100,000 plus deal, was it already productized? Mack Sundaram: We were about 70% there. It was something that they could implement right away and certain things that they wanted that I didn’t have, I agreed to build it out for
Sramana Mitra: How did you get this off the ground? Mack Sundaram: Being in a sales role, I had the privilege of having worked with companies. I personally have to find ways to solve this problem of blackbox sales. I used to experiment with different techniques. I hit upon something that started working for me.
Sramana Mitra: How did you solve it precisely? Mack Sundaram: That’s the company I started in 2015. Sales people talk to prospects every time. Back in the day, people would just believe that. Now we verify every deal with the prospects. We actually ask the prospects, “Do you feel that this is the right solution