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In FY2023, they added over 250+ clients in B2B and B2B2C segments and over 850+ clients across various industries, with a retention ratio of more than 90%. There are products for the B2C segment, which are MAPPLS and Kogo App, which create business opportunities for the travel commerce segment of the company.
As you note, when we spun out, we kept all of our Bear Stearns accounts, continued to work with all their private client service people over there. Valuations tended to crash and burn very, very cheap valuations tended to do well. But the original thing Barry, was we wanted to serve you our clients better and faster.
He then made a huge bet around enterprise applications, big bet around client server. I wanna stop all of the client server work, and I wanna re-platform everything that we’re doing on a web architecture. We’re not gonna run another line of client server code. These 10% are what’s driving the entire valuation.
00:06:39 [Speaker Changed] So clients, the LPs who come to Oak, were they just giving them cash to be allocated across all these different sectors? So pharma is a client, employers, payer employer market as a client and payers our clients beyond our customers of our companies, beyond just hospital systems.
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