Business for Sale Overview:
This early-stage software company has developed a state-of-the-art web-based software system that enables organizations to manage complex business projects end-to-end. The user-friendly interface and highly configurable architecture is well-suited for business users managing projects (as opposed to technical users managing highly technical projects). This system can be employed by any target market (mid-sized to large firms) for any business project. The technology has all the main pillars of project and portfolio management (PPM) solutions, such as activity management features, calendar features, document management, escalation and notification, graphical views and displays, security and more. This solution has been well received by the market. It is fully competitive to PPM tools already offered by several vendors – but is uniquely superior in some specific applications. During its early stages the Company has received approximately $2.5 million in cash and in-kind investments, all through private individual investors. The company has no institutional investors, and its founder is the primary shareholder. The Company has completed development of its software system, demonstrated customer acceptance through sales to industry-leading companies, and established strategic alliances with others. It has now transitioned into a software solutions sales and marketing business and is well-poised to execute its go-to-market strategy. Its target markets include Global 2000 companies and middle-market companies across all verticals. The solution has been used by its customers, with glowing feedback, to manage unique projects including legal cases, corporate restructuring, Greenfield projects, M&A, IPO, government projects and more. Rather than raise the additional funds to build a sales and marketing capability to compete with market leaders, the owners have decided to seek a buyer with an already established distribution channel in this space.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Company has operated out of leased offices. Since the market includes customers across the U.S. and abroad, the business can readily be located anywhere.
Market Competition and Expansion:
The technology has been well received by top tier firms in several markets. It is fully competitive with PPM tools already offered by some other vendors, but has clear advantages in some specific applications. With strong sales and marketing, and based on its sales to date, management believes this web-based PPM system can realistically generate revenues in the range of $5 million in the next twelve months and up to $15 million in the following year. The potential could be much greater with a strategic buyer that has a well defined distribution model and specific business applications in mind. Additionally, because most sales (licenses) represent recurring revenue each year, the growth trajectory should continue thereafter.
Reason for Selling:
To merge with strong sale & marketing capability
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.