Paul Statham
- Founder at Eptura
GetLatka interview
How Condeco Reached 1,200 Customers and 122% Net Revenue Retention with Just $30M Raised (Interview with Founder Paul Statham)
Paul Statham (Founder of Eptura) spoke to Nathan Latka.
Eptura figures from the interview
- Total Customers (2018)
- 1,200
- Net Revenue Retention (2018)
- 122%
- SaaS Revenue Growth (2018)
- 40% year on year
- Total Funding Raised
- $30M
- CAC Payback Period (2018)
- 8 months
“We are software primarily a software business. We run a subscription software solution that we supply to the enterprise corporate market, which is to provide scheduling and reservation system management and workspace utilization.”
“We do about 45% of our revenue is now through our subscription. About 20% is through services and the rest is through hardware.”
“We still have a 95% retention rate, which we're very pleased with.”
Bio
Paul is a prominent and pioneering figure in the burgeoning workspace management sector. His visionary views on the world of work and the management of the workplace has helped to shape the relationship between real estate and technology. With this insight and drive he established Condeco as one of the foremost providers of workspace management technology. He is an advisor and commentator on workplace transformation and has helped to shape the way businesses plan and use their real estate. The rapid worldwide adoption of its innovative solutions has catapulted Condeco into a world-class market leader. Under Paul s strategic direction the company has become the fastest growing global player in workspace scheduling and office utilisation. Paul has established several other successful and innovative businesses over the years including FX Player the online fantasy trading game which was sold in 2005 to IFX and Masco Security one of the UK s largest electronic security companies which was sold in 1999 to Protection 1 Security in the US. He is also a Trustee of Charlton Athletic Community Trust an organization dedicated to empower individuals to improve their lives and their environment.