The following video excerpt was taken from an interview with Robert LoCascio, founder and CEO of LivePerson (NASDAQ:LPSN), as he talks about what was behind the company's incredible success story. In this segment, he explains his company's growth strategy.


Brendan Byrnes: I know you've acquired a few companies. How do you look at potential acquisitions versus growing organically?

Robert LoCascio: You know, we look at really technology acquisitions, or we can expand in a market, like we just bought a company in Australia. I like small companies where there's an entrepreneur. We have a very entrepreneurial culture and if you get that knowledge in your company, you get that person to stay, they can help drive the business. So we're looking for technology, great people who fit our culture, entrepreneurs who are driving the businesses is sort of what we look for.

Brendan Byrnes has no position in any stocks mentioned. The Motley Fool recommends LivePerson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.