Cloud Automation SAAS Company 115% Net Revenue

Business Overview:

The company is a fast-growing cloud automation SaaS provider with a strong focus on efficient data service automation.It uses open-source technologies to make cloud automation efficient for enterprises. The company’s IP integrated Data Service products are used by large corporations and mid-size companies across North America, Asia, and Europe.The firm was established more than a decade ago, and through its creativity, it transformed by 2018 into a successful cloud operations provider. In 2019, the company formed a Kubernetes team.

In 2022 the company generated $6,798,000 in revenue and a variable profit margin of 66%. For 2023, the expected revenue is $8,088,000. Between 2019 and 2023, it maintained a stable CAGR of 16%, with a client retention rate of 100% over the past three (3) years.

The company is led by the owner (CEO) and the CTO. They are supported by a team of 63 full- and part-time resources. It has a proven track record in facilitating clients’ deployment of applications in any cloud infrastructure leveraging its proprietary IP. The company is infrastructure and platform agnostic and offers Platform and Data Services (>90% of gross profit) and Cloud-Native Application Development (>10% of gross profit).

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Market Competition and Expansion:

With more than 10 years of experience in cloud computing technologies, the company has collaborated with companies of various sizes, ranging from big to small and medium-sized enterprises, across multiple industry verticals to address their cloud computing needs. The existing IP boasts pricing competitiveness and infrastructure flexibility, which are strengths relative to competitors. The company’s products can run on any major infrastructure, whether it is a public cloud or on-premise service. The company is a pioneer in the Cloud Foundry and Kubernetes spaces with its proven IP and technical know-how. It is, therefore, well-positioned to continue riding the upward trend within the industry. The company is expanding its platform by adding new data services, including those for Kubernetes, which will soon be available for any Kubernetes installation. This expansion will enable it to reach new customers and markets and increase revenue streams since many clients will seek these solutions

Reason for Selling:

Owner wants to diversify his portfolio.

Additional Details:

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