In 1999, Philippe Courtot had a vision for a business that would use the Internet to deliver its product instead of software installed on a computer, but with the dotcom bubble burst, venture capitalists were running in fear from Internet businesses.
Despite pressure to develop enterprise software, Courtot stood his ground with his idea, and instead of securing funds from venture capitalists, he used his own money to form Qualys Inc. and the software-as-a-service (SaaS) model.
Nearly a decade after his original vision, Courtot has seen his share of success. He has more than 3,000 customers throughout 85 countries, and on top of that, 25 percent of the Fortune 1,000 companies use his services. While a lot of people were skeptical when he first started, they’re giving him the respect he’s earned by realizing that having software in your Internet browser is more effective than having it on your hard drive. The numbers back him up, as well, as he grew Qualys’ revenue by 40 percent last year, and it has achieved gross margins of 80 percent.
As he looks toward the future, Courtot shows no signs of slowing down. This chairman and CEO has been quoted comparing himself to Picasso in that the famous painter was painting until his last day on earth, and he’ll continue to work in that same regard.
HOW TO REACH: Qualys Inc. (650) 801-6100 or www.qualys.com