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46 | FORTY UNDER 40 2013 PUBLISHED BY BUSINESS IN VANCOUVER

SERGE SALAGER

CEO, OneMove Technologies

AGE

39

S

erge Salager was working at a venture capital fund based in the Bahamas when he was contacted by a group of investors who owned a struggling tech company in Vancouver. That company, OneMove Technologies, had foundered ever since going

public in 2006. Salager was originally brought in to advise the firm on a takeover offer received from a company in Ontario. “One of my conclusions was that the company was in pretty bad shape and the board would be better off by not

selling now and should go through the pain of restructuring the company, taking the company private, and then maybe sell it or re-IPO it down the road,” Salager said. The investors liked that idea – and Salager. In August 2012, they hired him as CEO of the company. S a l a ge r s e t a b o u t t u r n i n g t h e company around, a process that included refocusing the company on marketing and sales and cutting staff and expenses. In the space of a year and a half, Salager has returned the company to profitability. The business has expanded into Alberta and plans to soon be in Ontario. T he compa ny’s pro duct – sof tware for the legal profession – was high quality, said Salager. He led a rebranding effort and increased the price, among other things, without losing any customers. Selling the company is no longer an immediate priority. “The company is growing between 40% and 60% per year,” Salager said. “Any reasonable investor would stick with a company that is growing at such a pace.” Over the last quarter, revenues grew by 40% and market share increased by 15%. “There’s a lot of stress involved in restructuring the company, but once you see the results afterwards, how our company looks in the market, how our financials look … that’s fantastic,” he said.

Any reasonable investor would stick with a company that is growing at such a pace Birthplace: Paris, France Where do you live now: Vancouver Highest level of education: MBA, Harvard Currently reading: The Big Short: Inside the Doomsday Machine by Michael Lewis

First CD bought or music downloaded: Blade Runner from Vangelis

Profession you would most like to try: Architect

When you were a kid, what you wanted to be when you grew up: Jet pilot

Toughest business or professional decision: Letting go good employees

Advice you would give the younger you: God gave you two ears and one mouth so that you will hear more and talk less

Business in Vancouver's Forty under 40 2013  
Business in Vancouver's Forty under 40 2013