Hiconversion logo
Founded 2014

Hiconversion

2018 Revenue

$6.0M

YOY

Funding

$2.8M

How Hiconversion hit $6.0M in Revenue with 100 Customers in 2018.

About Hiconversion

Grow revenue and competitive advantage with our integrated customer experience analytics and optimization that adapts to visitor preferences in real time.

Monthly Revenue

$500.0K

Total Expenses

$500.0K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Hiconversion CEO Zee Aganovic on 12/01/2020

Watch the podcast


Headquarters

5901 Broken Sound Parkway Northwest Boca RatonFloridaUnited States
$Funding$Revenue

Hiconversion Revenue

In 2018, Hiconversion revenue run rate hit $6.0M in revenue.

$6.0M

Hiconversion Valuation and Funding History

Hiconversion has raised a total of $2.8M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
08/09/2012Series B$1.3M
11/23/2010Series A$1.5M

Customers

Hiconversion has 100 customers.

Lifetime Months

120

×
Monthly ARPU

$5.0K

=
Lifetime Dollars

$600.0K


Acquisition Cost

$6.0K

Average Annual Price

$60.0K

$0$60.0K1 month payback period024681012

Churn

Hiconversion has an annual churn rate of 10.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-10.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

90.00%

Team

Employees

Hiconversion has 30 employees. They have 3 sales reps that carry a quota, an engineering team of 7 and a marketing team of 3.

20182019202015.00%▲
DistributionQty

Total Team Size

30

Engineers

7 (23%)

Sales

3 (10%)

Marketing

3 (10%)

CEO/Founder

Zee Aganovic

Zee is the CEO of HiConversion, Inc. which he started in July of 2006. HiConversion is a Florida based company that provides a game changing website optimization solution that is dramatically faster, easier to use, and delivered via software-as-a-service (SaaS) model. The company’s patented adaptive multivariate testing method breaks the primary website testing adoption barrier: requirement for high traffic. Now, the mid to small companies with ‘normal’ web traffic can effectively run multivariate tests. With non-technical visual setup capabilities and an affordable pricing the company is becoming the first true mass market multivariate testing solution provider. Zee is a serial entrepreneur whose last two startups were acquired by Ricoh and Microsoft. He has a Ph. D. in Optimization Theories from The Rutgers University in New Jersey. Zee’s career encompasses 15 years of leadership roles in the IT industry. Zee was one of the pioneers of the ASP business model and founding member of the ASP Consortium. Zee is passionate technologist and business strategist with extensive experience in Software Development, Business Strategy, Internet Marketing, Business Development. Specialties: Business Strategy Software Development Internet Marketing Business Development


CEO Q&A

What's your age?

60

Favorite online tool?

Hubspot

Favorite book?

Small Data

Favorite CEO?

Bill Gates

Advice for 20 year old self

Know your own limits


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Frequently Asked Questions about Hiconversion

When was Hiconversion founded?

Hiconversion was founded in 2014.


Who is the CEO of Hiconversion?

The CEO of Hiconversion is Zee Aganovic


How many employees does Hiconversion have?

Hiconversion has 30 employees.

How much revenue does Hiconversion generate?

Hiconversion generates $6.0M in revenue.


How much funding does Hiconversion have?

Hiconversion has raised $2.8M.


Where is Hiconversion headquarters?

Hiconversion is headquartered at 5901 Broken Sound Parkway Northwest Boca RatonFloridaUnited States

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