2001, Servoy founded again by Jan here. Now the team is 100 people. Again, ushering in really

platform as a service, probably actually a little early to market. Now they're really hitting

their stride with over 30 million bucks. And AR on just a million raised. I love the efficiency

there. Over a thousand customers today growing 30% year over year, less than 3% revenue turn annually

and net revenue retention north of 100%.

The economics are also healthy. One dollar in in terms of KAC gets you a dollar of new ACV,

so their payback period less than 12 months. Again, 100 people based in remote locations as they

look to scale and potentially raise middle of 2019. Hello everyone. My guest today is Jan Elman. He's an entrepreneur and the founder

of Servoy. He's got an engineering background with experience in building great software

companies. He's now competing in the low code platform as a service space. Jan, are you ready to

take us to the top? Yes, I am. All right. Let's talk about Servoy. What's the company doing? How do you

make money? So I started Servoy. What's the company doing? How do you make money?

So I started Servoy 17 years ago based on the fact that I saw that developing business

applications was way too difficult and taking way too much time.

And so what we're doing today, we created a platform that makes it three to five times quicker create business

applications both for internal corporate users and for ISVs, so independent software vendors

that create standard off-the-shelf software.

Okay.

And you're a platform as a service, usually platform as a service you build, you know, by some

degree of kind of data usage or utility.

Is it kind of recurring revenue?

Yes. I would say 80% of our revenue today is recurring.

...