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SaaS Interviews with CEOs, Startups, Founders

This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 25 September 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

Constellation software just bought this company after the bootstrapped CEO hit 60% yoy growth and over 200 paying customers. The company did 30% EBITA margin last year and is now part of Constellation Software Juniper Group. 

Transcript

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0:00.0

You are listening to conversations with Nathan Latka, where I sit down and interview the top

0:09.8

SaaS founders, like Eric Wan from Zoom.

0:13.6

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0:17.7

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0:21.5

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0:27.4

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0:31.9

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0:38.6

Guys, vervotech.com helps people understand with a unique identifier, what hotels are on, what

0:44.2

street, with what internet, at what pricing.

0:46.1

They launched in 2018.

0:47.3

Today, do over $240,000 a month in revenue up from about $150,000 a month just a year ago.

0:52.7

And what's great about this company, completely bootstrapped,

0:55.5

30% EBITA margins is the target, 25% profit sharing plan with employees. Sanjay really built a

1:01.0

great company here and excited to share that. He sold the company just last week to Constellation

1:05.1

Group where he's now excited to thrive under the Juniper subunit there. We'll see what they do next. Hey folks, my guest day is Sanjay Garry. He's a CEO and MD of Vervotech.

1:14.7

He comes from an engineering background. As an industry veteran and influencer,

1:18.4

he leads and drives the company's vision for organizing the world's accommodation data.

1:22.4

Before starting the company, he worked as vice president to the SaaS company at Taviska,

1:26.7

which is a division of J.PPMorgan and Chase for over a decade. Company today, again, vervotech.com, which offers a combination

1:33.0

data mapping product. Sanjay, you ready to take us to the top? Yeah, thank you for having me,

1:38.1

Nathan. You bet. So I want to make sure my audience quickly understands the niche you're in.

1:42.7

You know, when we book our conference venues for SaaS Open, we always get these reports from the hotel venues saying,

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