Investment Management Operations Hank Boughner, CEO – Dynamo Software (EP.31)
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Jun 13, 2024 Hank Boughner, CEO of Dynamo Software, talks about software vertical consolidation, platform solutions, and the future of investment technology. He discusses brand awareness, user adoption, and the impact of M&A activity on industry players.
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From Small Founder Team To Scale-Up
- Hank Boughner joined Dynamo in 2017 when revenue was under $20M and the team was ~60–70 people.
- He leveraged founder chemistry, Francisco Partners support, and an early cloud move to scale toward 400+ people and much higher revenue.
Cloud As A Strategic Scaling Lever
- Dynamo moved to multi-tenant cloud around 2006–2007 and has run that architecture for 15+ years.
- Multi-tenant cloud lets them deploy upgrades centrally and scale features to all customers rapidly.
Software Naturally Consolidates
- Software markets tend to consolidate into a few leaders while many point solutions struggle to scale past niche revenue bands.
- M&A and tuck-ins are natural outcomes as companies seek growth and product breadth.