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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. Between 2006–2008 I sold both companies that I had started and became a VC. Until we weren’t. 2001–2007: THE BUILDING YEARS The dot com bubble had burst.

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Active Network Releases Web-based Events Management Product

socalTECH

Active Network entered the events management business in January 2008, with the acquisition of event management software firms RegOnline and WingateWeb. Tags: active network event management activeevents ondemand saas software. READ MORE>>.

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BlackLine Systems: Strongest Quarter Ever

socalTECH

in 2007, and nearly $5M in 2008, according to numbers from the Inc. Tags: blackline systems financial software saas. The firm said it signed Four Seasons, Unified Grocers, and Express Jet during the quarter. Blackline has previously disclosed it had revenues of around $2.4M READ MORE>>.

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Cornerstone OnDemand Trumpets Customer Bookings

socalTECH

million users using its services in March, which it said was a 250 percent jump from 2008. Tags: cornerstone ondemand earnings software human resources saas. The firm--which did not release financials--said it had 2.5 READ MORE>>.

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OptionEase Trumpets Revenues

socalTECH

San Juan Capistrano-based OptionEase , which develops software for tracking stock options compliance, said Thursday that the firm had 300% revenue growth in 2008. Tags: options optionease software stock saas accounting. The privately held firm did not disclose what those revenues were, or any details on its financials. READ MORE>>.

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Cornerstone OnDemand Raises $12.7M

socalTECH

The firm also said that it was cash flow positive at the close of 2008, with "considerable cash reserves" from a prior round, but decided to raise the funding "to be opportunistic" in capturing additional market share from its competitors. Tags: ondemand human resources venture software capital cornerstone saas. READ MORE>>.

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MaintenanceNet Reports Growth In Q4

socalTECH

The firm said that its fourth quarter revenues in 2008 were the "highest in company history" and said it had a year-over-year revenue grwoth of 35 percent for the year. Tags: economy software maintenance saas. The firm did not report actual financial results. MaintenanceNet is backed by Express Ventures. READ MORE>>.

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