Business Overview:
"This market leading technology and interactive development firm, based in a major metro market in the Northwest, develops custom software, software products and integration solutions designed to help clients leverage technology to improve their businesses. With 23 employees (primarily software engineers and project managers), the company is organized into three groups. It derives 75% of sales from development (portals, collaboration platforms, web applications, business intelligence, systems integration), 20% from interactive design/development, and 5% from MS Dynamics ERP Software (customization, integration, implementation, support of NAV).
Competitive Advantage: As the largest Microsoft Gold Certified software development firm in the region, the company has competencies in Custom Development Solutions, Information Worker Solutions, Business Solutions and Mobility Solutions and SharePoint. Technical expertise is further shown by recognizing several software companies that have relied on the firm to develop mission-critical products for them, such as Microsoft, ProClarity (acquired by Microsoft), Strategic Oxygen (acquired by Monitor Consulting Group), and Healthwise. In addition to Microsoft technologies, the company has wide-reaching technical expertise in Java, Oracle and various open source languages and products, so that it is particularly adept as a systems integration services firm of disparate systems (e.g., legacy systems, proprietary systems and systems that run on different platforms). Further, this is the only firm of its size in the region with an award-winning interactive services group. As a preferred vendor for public agencies, it has secured a strong pipeline of recurring revenues.
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Property Features and Assets:
The firm operates out of 4,200 square feet of historic leased space in an up and coming area of renewal in the city and a destination location for many of the companies that compete in the technology sector. The organization utilizes the entire building with offices on both floors and storage in the basement. There is sufficient room for up to 30 employees in the current configuration. The building includes a large conference room which has been outfitted with the necessary conference phone, white boards, projector and projection screen.
Market Competition and Expansion:
This firm’s services fall into several IT consulting industry segments including: website design, computer services, systems integration, custom application development. Systems integration is one of the largest segments in the IT services market, with expected growth of 5% CAGR between 2006 and 2011 to $103 billion. Systems integration is increasing rapidly mainly due to advancing technology, shortage of technical personnel, and complexity of automating front-office processes. Enterprise resource planning (ERP), another major segment in the software industry, assists organizations with supply chain management, accounting, and human resources. ERP generally refers to high-end enterprise software applications that automate back-office business processes to help manage day-to-day operations. Business consulting services, a relatively small but growing sector, is positively impacted by worldwide deregulation, privatization, technological advancement, globalization, and the Internet. According to IDC, IT consulting is expected to increase at 5.6% CAGR between 2006 and 2011.
Reason for Selling:
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.