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Originally Posted by jasonturbo
Are you suggesting that google will copy any and every idea that may be profitable?
Big companies don't have interest in a lot of things until they are already making large amounts of money or hold a large audience... if you want some case studies see Mint, Facebook, PostSecret, etc.. there are hundreds of examples. (And I'm sure there are thousands of failures for every success) All companies and ideas endure a phase of growing and proving themselves. As stated by the CEO, they believe a buyout is inevitable and the focus of the company at this time is to become the one name associated with this sort of enterprise.
Fair enough, I suppose I could be getting lied too.. but this wasn't something he came to us with... it's something we (a mutual friend) went to him over.
So all equities trade at or below NAV? Cause that's bascially what I am hearing?
To associate a timeline for this, they expect a buyout no sooner than 3-5 years from now.. it's not a cinderalla story.
Again I ask how Mint brings a lot of value to Intuit? Mint having trouble raising money? Not sure how that relates to shiftplanning.. very little to suggest they are in a position of financial distress or would otherwise have difficulty raising funds.
Well that's your assumption and obviously a factor which is taken into consideration with the busniess plan. In terms of it "coming from a small company" the major focus for shift planning is to not appear as a "small company" and I think the website and quality of the product and interface reflect that.
Having said all that, I really appreciate the input, you share a similar view to myself when I weigh the pros and cons of the company as an investment... perhaps if you saw the figures to date you would be leaning a little more on the positive side of things.
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I'm not too in tune on the financial side of things but I can provide some insight on companies that sell this type of software since I work in the HR systems field. Scheduling software are a dime a dozen these days, as someone mentioned out there, it is very easy to copy. You have to come up with something truly unique to be a differentiator and as far as I know, the big guys have covered every rule the most complex organization has thought of. I'm not sure how new this company is but people like myself who work for corporations to evaluate these kind of software would be very wary of buying from a product that isn't mature (10+ years) when you have other big guys out there that can undercut the price and provide a lot more in terms of functionality. Reputation is very important when evaluating HR systems, even if a smaller guy offers the functionality, executing it is another story.
Most scheduling system companies make their money on the consulting and implementation fees. The software costs is small since it is already developed and dirt cheap to deploy (if it is in the cloud).
The big guys in this industry is Oracle as mentioned above and KRONOS. KRONOS owns roughly 33% of the market share for time and attendance systems if I remember correctly.
As mentioned above, a takeover is what you would be hoping for.
Hope that helps