The following video excerpt was taken from an interview with Robert LoCascio, founder and CEO of LivePerson (NASDAQ: LPSN ) , as he talks about what was behind the company's incredible success story. In this segment, he explains the company's opportunities for international expansion.
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.
Brendan Byrnes: So let's talk about International. You guys get about 75% of your revenues from the United States. That's been pretty consistent over the past few years. Where do you see the opportunity internationally for LivePerson?
Robert LoCascio: Well, we just bought a company in Australia, so we're doing very well there. We had a partner there for the last two years and we decided to buy them. I think we're going to start to expand in Asia. There's a lot of opportunity between Japan and China, South Korea. Even look at Indonesia's got 300 million people, so these are untapped markets. South America, Brazil, we're looking at these areas, so we're really dominant here, but there's an opportunity now to expand between Europe, South America, and Asia and we're going to look at that over the next year or two years.
No comments:
Post a Comment