SaaS Innovation Management Platform - Post Seed

Not Disclosed, NA


Asking Price: Annual Revenue:
$299,000 Not Disclosed

Technology: Software


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RE: SaaS Innovation Management Platform - Post Seed Broker: Linnea Westlake

Quick Facts

Asking Price: $299,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: Not Disclosed
BBN Listing #: 526233008
Broker Reference #: 2401-872402

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Business Overview:

Scalable SaaS Innovation Management Platform fosters entrepreneurship and “intraprenuership” by enabling collaboration and networking across and between “communities” of business units and regions, partners, customers and affiliates. Formed in August 2014, with first Beta release April 2015, the platform has been deployed to over 50 organizations including major universities and corporations over the last two years. Use cases include; corporate labs, incubators and accelerators, crowd sourcing, idea competition and “hackathons”. Enables scouting of startups or great innovative ideas facilitating identification, tracking, managing and scaling the best opportunities and ROI simpler and faster with real-time data and metrics.
Intuitive use-ability for network and administrative users. Platform is highly configurable to specific requirements. Admins can customize all aspects of the platform without any “coding”. Persona based open or private ecosystem management by invitation. Project management, calendaring tools integrated. Innovation resource portal with standard and/or custom content. White label or brand as desired. On-boarding systematized.
Built on Salesforce Heroku with analytics from Kine.io, this cloud platform is based upon modern architecture deployment, security systems and development structure. It has enjoyed 100% uptime since October 2017 and enjoyed subscription revenue of $24k monthly from a major corporate customer through Feb 2019. Monetization opportunities extend beyond subscription to sponsorship, referral fees, targeted advertising as well as consulting services offered by company and partners.
With over $2.25M invested in developing the platform over the last 4 years, seeking a strategic buyer that can take it to the next level. Options exist to acquire just the software, software and key employees, or all assets. Offshore development partner in place to support the future as desired.
For those organizations with Ideation or Innovation programs, this technology is ready to go and make your own. No need to start from scratch with the investment and risks involved nor rely on a outside platform with associated limitations. Excellent opportunity for corporation with Intraprenuership programs (Big 4, Insurance, Technology, Retail), SaaS companies looking for inorganic growth opportunity, Universities with Entreprenuership programs, or any organizations incubating and accelerating start-ups. TCO for competitive solutions over 5 years = $2,250,000 per customer. Can you envision your opportunity? Not currently generating revenue but still "live" and relevant. Large client paid $280k subscription fee, recently expired. Just Redcued to $299,000.

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Property Features and Assets:

Organized 2014, Beta 2015, on market for sale late 2018

Market Competition and Expansion:

Spigit, Bright Idea unlimited with the right steward

Reason for Selling:

Needs strategic buyer to take to the next level.

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.

Relevant Links:

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