May 5, 2018
In 1989, Bob Fabbio quit his job at IBM and launched Tivoli Systems in Austin with no money. The company created one of the largest software categories in the world – Enterprise Systems Management. The company went public in 1995. And IBM acquired it in 1996 for $743 million. Fabbio also founded electronic document delivery startup Dazel which Hewlett-Packard bought in 1999 for $180 million.
Today, Fabbio is on his eighth startup and tenth CEO job. In 2013, Fabbio founded eRelevance Corp., a next generation customer engagement service for small businesses such as healthcare providers to better engage their patients.
eRelevance has reported significant revenue increases for the past three years and substantial growth. In 2017, eRelevance increased its Annual Run Rate revenue to $7.5 million, up from $3.6 million in 2016 and a customer base of more than 1,500 customers.
Last year Entrepreneur Magazine named eRelevance as one of the Best Entrepreneurial Companies in America.
In this ideas to invoices podcast, Fabbio talks about his entrepreneurial journeys and lessons he has learned in founding, scaling and selling companies.