Devolutions
👤 David Hervieux (Self-taught programmer who ran a consulting shop for 6 years, built RDM for himself, then bet the whole company on it in 2010.)🌐 siteLinkedIn
He built RDM to stop memorizing passwords, gave it away, and found a business hiding in his own side tool.
Will it work? · our read
Quietly profitable. A free single-user tool became the funnel that sells shared credentials and privileged-access management to IT teams — bootstrapped to about C$50M a year.
01How the money moves
IT pro downloads free RDM
→
Team needs shared vaults + PAM
→
Buy Server / Hub / PAM licenses
02The numbers
About C$50M/yr ($36M)Estimate2025 ARR, bootstrapped
Feb 2025source:
nearly $50M CAD (Hervieux)
Company- and press-stated figures, not audited (private, bootstrapped).
Founder-stated; C$73M projected for 2026, about C$15M profit/yr.
🔒
You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
Sources always public on all 578 cases · cancel anytime · 14-day refund
See a full teardown, free → ImportYetiSourcesSources last checked 3 September 2026
Pulse 2 — Hervieux interview (Feb 2025): nearly C$50M revenue, 800k users, 250 staffCFNJ (Aug 2026): C$73M projected for 2026, about C$15M profit/yr, C$100M target by 2028Devolutions — RDM free edition, free even for commercial useLatka — third-party estimate $32.9M (2024)
Headline is first-party STATED: CEO David Hervieux in the Pulse 2 interview (2025-02-25) said Devolutions is 'currently generating nearly $50 million CAD in annual revenues' and serves 'over 800,000 users across 140 countries' with 250 employees — all three quotes verified in the raw page bytes. Not audited (private, bootstrapped, no outside funding). CAD to USD about 0.72, so about $36M USD; source's own CAD figure kept in original. More recent French-language CFNJ piece (2026-08) reports the company projecting C$73M revenue for 2026 and about C$15M annual profit, aiming for C$100M by 2028 — projections/current-profit stated by the company, not audited results, so kept out of the revenue headline. Latka's $32.9M (2024) is a third-party EST, lower and not used. Founded 2004 as a consultancy; pivoted to building software in 2010. verified:true (first-party). We never score you.