André V. Demarest, Interim CEO How to make it to the U.S.? February 12, 2014 (Riga) Overview • American Business Philosophy • No Excuses • Norwegian IT Companies • Fast Search & Transfer (FAST) • Birdstep Technology • Latvian IT Companies • Fastr • ClusterPoint • Other U.S. Go to Market Strategies • NEST Speed Boldness Simplicity General George S. Patton, Jr. Boldness Technology/Product Strategy Speed Sales & Marketing Execution Simplicity General George S. Patton, Jr. Finance, HR, IR, etc. Corporate controls Innovation – Key Starting Point Technology/ Product Sales & Marketing Finance, HR, IR, etc. FAST – Oct. 12, 2000 • FAST Announces World´s Largest Search Engine; New Index of 575 Million Web Pages Covering 32 Languages • OSLO, Norway: FAST, a leader in Internet search and compression technology today launched a new version of its popular FAST Search found at http://www.alltheweb.com. • The new FAST Search, the world´s largest search engine service, with over 575 million full-text web documents, provides users with highly accurate and relevant results and is built by crawling and examining over 1.5 billion web documents, the most of any search engine. FAST Team (until August 1, 2006) CEO & Founder CTO President & COO Senior VP, Finance & Admin. (Oslo) (Oslo) (Boston) (Oslo) John M. Lervik Bjørn Olstad Ali I. Riaz André V. Demarest FAST – from B2C to B2B • Web Search (B2C) • www.alltheweb.com • Sold to Overture(Yahoo) in 2003 for $70m • Enterprise Search (B2B) • Grew from $25m(2002) to $100m(2005) • Lycos & Dell – initial U.S. based customers • David Burns – formerly (Director of Product Marketing) from Lycos became initial head of Boston office – U.S. headquarters • 2/3 of revenue & growth initially from U.S. • Maintained a Norwegian mother company • Corporate tax rate of 28% • Listed on Oslo Stock Exchange • Sold to Microsoft for $1.2 billion in 2008 Magic Quadrant for Enterprise Search 2008 Magic Quadrant for Enterprise Search 2013 H-P says it was duped, takes $8.8 billion charge Foreign Corrupt Practices Act • The anti-bribery provisions of the FCPA make it unlawful for a U.S. person, and certain foreign issuers of securities, to make a payment to a foreign official for the purpose of obtaining or retaining business for or with, or directing business to, any person. • The FCPA also requires companies whose securities are listed in the United States to meet its accounting provisions, • which require corporations covered by the provisions to make and keep books and records that accurately and fairly reflect the transactions of the corporation and to devise and maintain an adequate system of internal accounting controls. Birdstep Technology • 1996, established • 2008, IT/HQ centers moved from Oslo to Stockholm • Until 2011, high percentage of customers in Europe only • San Francisco office • effectively a cost center through 2010 • To date, +$100m in total losses • U.S. customer wins • Sprint, 2011 • Another leading one, 2012 • H-P OEM deal, 2013 Fastr nomaina biznesa modeli Anda Asere, [email protected], 2013. gada 3. septembris 08:50 http://www.db.lv/mazais-bizness/sekojot-idejai/fastr-nomaina-biznesa-modeli-400379 Fastr izstrādātāji Aleksandrs Bičkovs, Aleksejs Siņicins, Eldars Loginovs un Anatolijs Ressins. Foto: Edmunds Brencis, Dienas Bizness • Apple’s App Store (B2C) • Global distribution channel • Intense competition • IRA conference/exhibition in U.S. (B2B) • Forced to meet deadlines - rented booth space • Launched latest version of app for both iPad & iPhone • Posted YouTube promotional clip • Met a potential U.S. based partner for white labeling • Gather important market intelligence • Prepared us to have discussions with Penguin (U.K.) • Invited CEO to panel discussion at Frankfurt Book Fair World’s Fastest Searchable XML Database Software Featured use cases: ClusterPoint’s NoSQL database software is driving the business of market leaders in their sectors (24/7 web & mobile services) LETA.lv - National News Agency 1188.lv – Business Information Service IUB.gov.lv - Procurement Monitoring Office Firmas.lv - Data from Company Register ClusterPoint Team (today) Chairman & CTO & Founder Founder Sales, Baltics Interim CEO (Riga) (Riga) (Riga) (Riga) Gints Ernestsons Jurgis Orups Martins Berzins André V. Demarest Market Drivers The market is being driven by the growing enterprise demand for more flexible, scalable and affordable data management solutions (both analytical and transactional) than currently offered by the relational database management market, which is dominated by Oracle. • Nest is a combination soft landing and launch pad for proven North European, Russian and other foreign startups to enter the US market. • Can join (i) their co-working space, (ii) take advantage of their partner network, or (iii) hop into their accelerator program – • can start today by completing the application from its web-site (www.nestnewyork.com) Co-Working Office Space Partner Network Accelerator Program • Ismo Rantala • Founder and CEO • Founder of Finnish Mobile Association (FinnMob) • Has over 15 years of experience from Telcom industry and multinational environments. Summary • Boldness, Speed & Simplicity • No Excuses • Expand direct sales in U.S. • Recommend getting that 1st satisifed customer • Establish partnerships in U.S. • Reach out (i) at relevant trade shows & (ii) to U.S. embassy • Other full service options • NEST in NYC