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Per Pluralsight's earning's call yesterday [1]: "Pluralsight will acquire GitPrime for a total purchase price of $170 million to be paid in cash. This amount r
by parakeet9 7y ago
Per Pluralsight's earning's call yesterday [1]:
"Pluralsight will acquire GitPrime for a total purchase price of $170 million to be paid in cash. This amount represents a multiple of approximately 5 times to 6 times expected 2020 billings."
That puts 2020 projected revenue at $28-34 million. During the Q&A portion of the call, Pluralsight's CEO mentioned that "they [GitPrime] only have a few hundred customers".
[1] https://finance.yahoo.com/news/pluralsight-inc-ps-q1-2019-014945006.html https://finance.yahoo.com/news/pluralsight-inc-ps-q1-2019-01...