What is the name of the company and/or product? Where is it found online?
What problem does this solve and how does this create value?
SavvyCube provides small and medium size online businesses with an affordable and easy to use ecommerce metrics and predictive analytics.
SavvyCube enables merchants to find out what is the actual revenue and profit, where specific customers came from, what traffic sources generate most sales, how their sales might look like next month, and more. We are merchants ourselves (we sell our software products online) so the idea came as a result of our own pain — a hassle associated with properly tracking, analyzing and forecasting our sales performance and KPIs.
What is the full launch/release date planned?
July 1st, 2014
Who is on the team?
What is the specific technology or combination of technologies is used? Is there any IP?
Server side is implemented using PHP and MySQL, with the help of YII framework. Front-end utilizes such technologies as HTML5, CSS3, Ajax, JS, D3.js, AngularJS. Servers themselves run on Amazon Web Services.
What is the size/scope of your market and how will you scale?
Our initial target audience consists of small and mid-size e-commerce merchants, running their business on Magento platform. As we grow, we will be adding support of other platforms and data sources such as Shopify, BigCommerce, PrestaShop, and more.
What is your revenue model?
SavvyCube is a subscription based SAAS product. Our customers will be charged monthly according to the pricing plan they’ve chosen. We’ll be offering a 60-day free trial.
What is your greatest strength?
At Webtex we’ve been developing and selling extensions for Magento and PrestaShop ecommerce platforms for the last four years. We’ve also done a fair amount of custom ecommerce projects. All of that allowed us to gain a substantial expertise in the niche, and also got us a pretty extensive base of happy clients.
What is your biggest weakness?
We are self-funded, since we reinvest the profits from Webtex into SavvyCube. But at some point we might need to look into raising some capital to promote a more rapid growth.
What is one resource you could use that would take this to the next level?
We acknowledge the fact that we obviously can’t know everything, so advisory input could definitely improve our performance.
Is there anything else you would like to add?