SM: Would you consider taking outside financing?
RV: We will consider anything. Right now the business is running in a healthy fashion without outside financing. If someone brought in quality board members and added something more than just financing to our business, that would appeal to us. >>>
SnapLogic is an open source data integration framework that helps companies tie in their business data. It uses standard Web interfaces with forceful programming languages to address any data integration problems companies may face. The framework also uses an innovative DataFlow architecture and the SnapStore, where third parties develop Snaps that improve connectivity and functionality to the server. >>>
SM: You have scaled to a $13 million business over the past seven years. What has been challenging in that process?
RV: The most challenging aspect has been our individual personal growth. When we first started the business we did everything, including the teaching. >>>
Last week, Research In Motion Limited (NASDAQ:RIMM; TSX:RIM), the BlackBerry maker with annual revenue of $11.07 billion, reported stellar third quarter results while Palm, Inc. (NASDAQ:PALM) reported second quarter results that missed estimates. However, both companies beat estimates for device shipments. Let’s take a closer look. >>>
Founded in 1999, Force10 Networks builds and secures high-performance networks. The company develops and manufactures switching and routing equipment including switches/routers, line cards, resilient switches, access switches, and security appliances. Formerly known as nCore Technologies, the company is headquartered in San Jose, California. >>>
SM: In terms of revenue, what is the size of your company?
RV: Our SAT business is at $11 million, and we are just over $13 million in total. >>>
As 2009 draws to a close, the American spirit, the American way of life — entrepreneurial, hard-working, path-breaking — stands battered. But this hardship, I argue in my Forbes Sneak Peak 2010, can be a good thing. For the rest of this week’s posts, click on the full article. >>>
SM: What does a deal size look like for your company? Let’s use Los Angeles Unified as the example.
RV: The LAUSD contract ends up being between $500,000 and $600,000 annually. >>>