According to Vikram Khandpur, CPO at Sinch, a cloud communications platform provider AI-based chat isn’t just about customer service. Nobody likes to see services in which we’ve invested lots of time and money get little use, however, in retrospect, it may be a very good thing that our patrons have not swarmed to our chat services as we had hoped they would. I feel like we got very caught up last year in just the growth in the business, and we probably should have started turning on the jets in September with hiring. And to add to that, how much growth do you expect to be driven from this contract conversion versus new logos and I have a follow-up after it? The first shocking find is that nearly one in five women have taken their phone for a dip in the toilet. One would be, it looks like you’re guiding effectively to negative EBITDA in the fourth quarter. I just have one question for me here. On an intraday basis prices broke their early October lows, which would be bearish, but on a closing basis we have a different story.
We have a very good story to hire the best talent in the world. We have a good story for reps. Accelerators like YCombinator, 500 Startups, and Techstars have helped foster quick-start models to get would-be entrepreneurs from idea to market and have of course helped create some notable companies. Apple stores’ phenomenal success shows that borrowing practices from great companies outside of your industry can provide game-changing results. Lodsys filed a patent infringement lawsuit today in East Texas against the very six companies who previously filed declaratory judgment actions against Lodsys in other jurisdictions. People that today get patents sometimes can and do find that some work already fulfills most of their patent’s requirements. And then just I was just kind of wondering how you are thinking about kind of the up-sell opportunity and being able to push more of these incremental use cases that you are talking about into the rest of the customer base today? The other thing is that we are — we’re upping our marketing.
It’s really — I mean our marketing motion right now is very focused on commerce. And there is more left on the table right now. With the strong growth over the last several years and 25% growth rate on the table for FY21, an analyst during the 3Q20 conference call inquired how this will continue in the near term. And once again, I think hiring Tony and other people into the company will help drive to the goal to really take those growth levels, the growth rates, to a different level. Once again, we hired Tony to go ahead and drive the next level of running that investment and bringing people in and doing all of that. And if you’re someone in the field and sales, there is a great opportunity to really drive large deals here and that’ll be mid-market and will expand. You can include it to your site, and your consumers will have the ability to talk with you and ask questions without leaving your site. Solutions, that would have stayed exiled and exclusive to corporations with large budgets. There is large deals you can do here, like very large deals, and we can open up mid-market also.
But now we can open it up. We aren’t giving any numbers yet around it, but it’s in revenue right now. Further, we estimate that most of our installed base of brands, which employs approximately 500,000 voice agents, users or is in the market for ASR and speech analytics, which creates glide path to near-term revenue synergies. Plans start from $9.99 per month for the base plan. So, this is really an opportunity now to double down on what we are doing and take the company to the next level. And then I left Verizon said I can do this full time now. So yes, it’s a tough hiring market, but with Tony on board and our focus to really bring on frontline managers first who, each of whom, can then bring on reps underneath, will help to accelerate our path to the target. The Internet of Things and the digital infrastructure needed to process data generated by IoT devices is evolving and will continue to do so as we go into 2022. We are approaching the fourth generation of the internet which will entail 1T connected devices.