I’ve signed the contract, I’ve paid the money, and the assets have been transferred. So I can now announce that I’ve acquired Saber Feedback, a SaaS (software-as-a-service) product.
With Saber Feedback you can add a feedback widget to any website. Revenue is currently about $4,000/month.
Why acquire this product?
I’ve long wanted to take over an existing, underperforming business and see if I can improve it. Because I recently sold an app, I had the funds to finally do this.
I first heard of Saber on this forum. The previous owner, Matt, appeared in our discussions from time to time. He openly blogged about his progress over the years, and I followed along.
Eventually Saber’s growth levelled off and Matt took a full-time job. Some months ago I contacted Matt to see if he was interested in selling. It turns out that he was, and so we reached an agreement.
Saber was especially attractive to me because it is complementary to my existing SaaS product, Feature Upvote. Both make it easy to get feedback from customers, but in different ways.
Follow my journey with Saber Feedback
Once the Bootstrapped podcast starts up again, I intend to describe my ongoing journey with Saber. This includes being reasonably open with the financials, at least for a while.