What we perceive that is going to be is the sales and revenues for the company in our projections are 30 million dollars in revenue in 2 years with 5 million dollars EBITDA
Thank you Sam for the transcription of the CEO interview from May 2016.
Now we know CEO Orie Rechtman's strategy to grow revenues. It's by acquisition of European cloud computing companies. The 5/31 acquisition will clearly be the first of severalEuropean acquisitions he has planned.
Some key points from the interview * "Our projections are 30 million dollars in revenue in 2 years with 5 million dollars EBITDA"
* "Part of the plan for us in Switzerland and in Europe to build the datacenters and to keep the data right here where the regulations meet the requirement" (think GDPR Compliance)
* "The majority of the customers are in the legal industry. And this is were we play and we play a very important role in the legal, in the finance and in the health sector."
* "We have over 100 clients that are on recurring contracts. We have 4 datacenters, currently we have data centers only in the United States. But the plan is to expand in the European market first and go from there."
(The key words are => "expand to European market first" <=. BOOM!! We have confirmation the 5/31 acquisition is European company related)
* "In our efforts to expand to the European market we see the European market as a great opportunity for us to expand our services."
* "We plan on bringing this technology to the european market because we see the adoption-rate here in europe is quite high."
* "We are planning on a faster growth to merger and acquisition that we are already have in place. The plan is to grow and grow fast."
* "I have done more than 27 mergers and acquisitions and grew a company from a million dollar in sales in 1990 for over 200 million in sales in 2000."
* "This is my experience this is what i bring to the table is the CEO and the leader of the company and that's how we planning on growing pretty fast."
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