#346 - Randy Wootton, CEO of Maxio - on strategic growth through integration

This podcast interview focuses on the entrepreneurial journey to successfully merge and integrate two distinct SaaS companies while balancing stakeholder interests, maintaining growth, and navigating complex market dynamics. My guest is Randy Wootton, CEO of Maxio. Randy is a serial CEO. Before becoming CEO, he held senior positions at industry giants like Microsoft and Salesforce, where he led sales, service, and marketing teams. His career has given him a truly global outlook. He has worked internationally, opening up divisions in England and Australia, and has hired teams across multiple countries, including France, the UK, the US, Japan, and Australia. In March 2015 he moved to Rocket Fuel, a first-generation AI company. He started as their CRO, quickly turned CEO, and took the company private 2 years later. He then became the CEO of Percolate, where he led the company's transformation from a mid-market social media product to an industry-leading content marketing platform.  And now, since May 2022, he is the CEO of Maxio, a billing and finance operations platform for B2B SaaS companies. Their mission: to help its customers amplify their recurring revenue and decipher their next stage of growth. And this inspired me, and hence I invited Randy to my podcast. He provides invaluable insights for B2B SaaS CEOs navigating growth and mergers by sharing candid experiences from this process. He discusses his strategic decision-making frameworks and highlights the challenges of brand management post-merger and the complexities of transitioning from sales-led to product-led growth. He also zooms into the complexities of expanding into new markets and how to go about that. He ends with advice on fostering innovation, managing stakeholder expectations, and personal development.  Here's one of his quotes As you think about your expansion strategy and your growth agenda, there's going to be a set of things you're just going to grow within your current segment. But then you're going to think about which category we should explore next. But as you start, you've got to get really clear about what you do better than anyone else. During this interview, you will learn four things: The four key support pillars for B2B SaaS CEOs. How to go about merging distinct company cultures so the business becomes stronger and keeps delivering on growth expectations. What he would have done differently if he could deal with the branding opportunity again. His framework for evaluating expansion opportunities to find the next area of growth for the company. For more information about the guest from this week: Randy Wootton Website: Maxio Subscribe to the Daily SaaS Reflection Get my free, 1 min daily reflection on shaping a B2B SaaS business no one can ignore. Subscribe here Yes, it’s actually daily. And yes, people actually stay subscribed (Just see what peer B2B SaaS CEOs say) My promise: It’s short. To the point. Inspiring. And valuable. Learn more about your ad choices. Visit megaphone.fm/adchoices