Announced this morning, a massive ransomware campaign has infected a number of organizations around the world. The ransomware locks computers and demands a payment in Bitcoin. A report claims to have detected 36,000 instances of the ransomware called “WannaCry”, including the UK’s National Health Service (NHS). The BBC has been posting updates on the major cyber-attack, as experts uncover more details. Be sure to always update your software as new versions include protection against these types of vulnerabilities. You can read more about the story here.
This week we released a talk by Founder Thomas Smale from this past February at an exclusive SaaS event, where he spoke about how to build a sellable SaaS business. You can view the talk on our YouTube channel here. In more event news, next week, Thomas and Amanda will be at Sellers Summit in Ft. Lauderdale (May 18-20), where FE is exhibiting.At the end of the month, Thomas will head to Vancouver on May 31st to June 1st for Traction Conference. Let us know if you are attending either event and we will be sure to directly connect you to Thomas.
In listing updates this week, we just listed a B2B SaaS business in the SEO tools niche for $824K. The business is demonstrating a stable and predictable MRR, with a current total paying customer base of over 800 clients. Please click here to request a prospectus. If this is not what you are looking for, be sure to check out all of our listings here. Continue on below to read about Microsoft’s Fluent Design System and a new SaaS Open Mic podcast.
Deal Highlights
SaaS – B2B SEO Tools – $33K MRR
- Strong year over year growth with earnings growing at a c.100% CAGR
- Stable and predictable MRR
- Well-developed product with an established history
- Low owner involvement
- Growing niche
Yearly net profit: $229,000
Asking price: $824,000
In the News…
Microsoft Launches Fluent Design System
Microsoft held its developer conference in Seattle this week, Build. It announced its design system for building user interfaces across devices known as Fluent Design. This is comparable to Google’s Material Design language. The purpose is to give developers access to a single design language that will work across multiple devices. It was created to allow a design language that looks light, features layers and depth and animations, as well as materials. It will also bring back some translucency that was lost in previous versions of the operating system.
Kevin Gallo, Microsoft’s VP for the Windows Developer Platform states that what makes Fluent different from other similar projects is that it is meant to work well with 2D and 3D environments. It will offer different types of input such as Metro, the design language Microsoft developed for Windows 8 and focuses on touch.
Freshdesk’s Arun Mani Speaks on European SaaS Expansion
In a new episode of ChartMogul’s SaaS Open Mic podcast, Arun Mani, Managing Director for Freshdesk in Europe talks about expansion into new markets to achieve faster growth. Mani speaks from his personal experience and career growth, discussing the most common mistakes businesses make when approaching SaaS expansion to Europe and how to avoid it, how transformation is essential for personal growth, how mentorship has played a critical role in his career, how he’s managed to build a diverse team, and what challenges he faced running a remote office.
You can listen to the episode on Apple iTunes.