blinkx

  • Leverage Software profitable, looking to buy rivals

  • 00:01:07
  • Vator TV
    • Browse

Leverage Software profitable, looking to buy rivals

Leverage Software CEO Mike Walsh says his company is in discussions with private equity investors with the goal of raising money to buy smaller rivals. "We're hearing from private equity companies every day," Walsh told me when I tracked him down on the floor of the Web 2.0 show. Leverage, which provides white-label social networking platforms to enterprise customers, is profitable, according to Walsh. While he wouldn't provide an exact annual revenue figure, he described it as "under $20 million." When I asked if he was thinking about selling out, he shook his head and said he's looking instead to buy other companies in the crowded market, which he says is due for consolidation. The company signed up 200 customers, including big names like Microsoft, Hewlett-Packard and salesforce.com. Read this article on Vator.tv

Vator TV | April 25, 2008Watch more videos from Vator TV

Tags:. .vator. .hewlettpackard. .shook. .leverage. .walsh











According   Annual   Article   Buy   Ceo   Consolidation   Crowded   Customers   Described   Discussions   Due   Enterprise   Equity   Exact   Figure   Floor   Goal   Hearing   Hes   Hewlettpackard   Instead   Investors   Leverage   Microsoft   Mike   Million   Networking   Platforms   Private   Profitable   Provides   Raising   Revenue   Rivals   Selling   Shook   Signed   Smaller   Social   Software   Told   Tracked   Vator   Walsh   When I   Wouldnt