IT Services Companies for Sale

IT Professional Services Company

$15,000,000

Annual Revenue: $19,000,000 Net Cash Flow: $3,100,000

The company is a premier provider of white-glove IT services and solutions and offers unparalleled responsiveness, quick remediation times, and expert engineering services to meet clients’ IT needs. With a strong track record for over 30 years, this company consistently outbids competitors through strategic partnerships and exceptional service. Revenue grew significantly, reaching $19 million in 2023 from $10.4 million in 2022.

It provides a comprehensive range of IT professional services, products, licensing, support, and consulting and stays current with the latest technologies to deliver innovative solutions that meet its clients’ evolving needs.

The company is a recognized brand in the legal industry, catering to businesses with 50+ employees across the US, mainly in NYC. Leveraging its strong presence in the accounting, legal, and SMB sectors, it continues expanding its reach through personal relationships, referrals, industry reputation, and targeted marketing efforts to meet the growing demand for IT products and services.

They are actively expanding their presence in the accounting firm market, capitalizing on its high profitability and recurring revenue potential. Strong relationships with Microsoft and other key vendors enable the company to deliver cutting-edge solutions to this lucrative market.

Proven Strengths

The company’s core strengths include:

Quality services and rapid response times
24/7 availability for emergencies
Highly efficient and effective team
Strong financial performance

Leadership Transition

The current owner is seeking retirement and is open to a transition period of up to two years. Key employees, including engineers and a salesperson, are committed to staying on to ensure a seamless transition and continued success.

Technology

New Jersey

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Global IT Security Solutions, $30M Pipeline, 54% Gross Margin

$33,804,000

Annual Revenue: $12,000,000 Net Cash Flow: $5,700,000

Global cybersecurity firm offering integrated IT security protection services internationally. Established in 2017, the company has offices in Saudi Arabia (main location), UAE, and Egypt. It serves as a trusted technical arm for security vendors and consulting companies, reselling security technology products, offering security consulting, and managing Security Operation Centers (SOC) primarily in the Middle East.

The company achieved $12M in revenue in 2023 (70% from recurring yearly contracts), a 9.1% increase from the previous year, with $5.7M EBITDA. It has an open pipeline of $30M (112 contracts), positioning it for continued growth.

Key Investment Highlights:

Strategic Vendor Relationships: Strong partnerships with top security providers.
Comprehensive Service Offerings: Adaptable services that meet evolving market demands.
Strong Client Retention: High rates of client retention contribute to recurring revenue.
Advantageous Tax Strategy: Net Operating Profit After Tax (NOPAT) of $7M by utilizing the Middle Eastern branches for strategic tax planning.

Services and Clients:

Security Technology: Delivering cutting-edge software solutions that bolster organizational security infrastructures, addressing diverse cybersecurity challenges.
Security Consulting: Providing tailored expert guidance on risk management, regulatory compliance, and security enhancement, customized to each client’s specific requirements.
Security Operations Center (SOC): Offering 24/7 managed security services, including threat monitoring, detection, and response, to fortify clients’ security postures.

Project revenue accounts for 60-70% of the company’s total revenue, with the remaining 30-40% coming from managed services and other long-term contracts.

Business Model:

Vendor-Driven Lead Generation: The company secures leads through referrals from security vendors, and acts as their technical arm. This approach enables the company to develop deep expertise in the supported products and provide high-quality technical services.
Exclusive Strategic Alliance: The company has cultivated strong relationships with major consulting firms such as PwC and Accenture, who subcontract work to the firm due to its unique qualifications, including fluency in Arabic—a critical competitive edge in the Middle Eastern market.

Competitive Landscape: The company’s vendor-centric approach represents a unique competitive positioning in the cybersecurity market. Its success hinges on nurturing strong vendor relationships, developing deep product expertise, and effectively communicating its value proposition to clients. The company offers specialized skills and knowledge around specific vendor products and acts as an implementation and support arm.

Team: The company is led by an experienced senior management and technical team, with more than 50 full-time employees, most of them located in cost-effective locations across the Middle East.

Transition Support: The sellers and management team are highly motivated to remain post-acquisition to ensure a smooth transition. They are willing to continue working with the business for a few years and are open to rolling equity, aiming to help elevate the company to the next level.

Market Opportunity:

According to a 2023 Gartner report, the global cybersecurity market is projected to reach $215B in 2024, a 14% year-over-year increase. The addressable market in the Middle East alone is estimated at $8.6B, driven by escalating cyber threats, regulatory compliance demands, digital transformation initiatives, and AI adoption.

Growth and Expansion:

The company plans to maintain its competitive edge by investing in R&D and offering innovative security solutions, focusing on:

Sales Expansion: Growing the client base and expanding projects with existing clients.
Market Penetration: Entering new markets within the Gulf Cooperation Council (GCC) and Africa.
Product Development: Investing in intellectual property, including patents and SaaS offerings.
Capacity Growth: Expanding back-office capacity and adding units in India and Eastern Europe.
New Initiatives: Establishing a Security Optimization Center in Saudi Arabia, OT Security and OT SOC, Governance Risk & Compliance Tool Development, Security Automation, and increasing spending on marketing and events.

** Confidential information to Qualified Buyers who submit Proof of Funds and a Financing Plan. **

Technology

Saudi Arabia, Asia

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Cloud Automation SaaS Company, 100% Client Retention

$20,700,000

Annual Revenue: $8,066,299 Net Cash Flow: $3,449,975

The company is a scalable, 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 2023 the company beat management expectations by 36% to reach $7.0m in revenue and recorded an EBITDA margin of 42%. For 2024, the management has budgeted a realistic $8.1m in revenues, and 3.5m in EBITDA. Between 2019 and 2023, it maintained a stable CAGR of 19.1%, with a client retention rate of 100% over the past three (3) years.

Team: The company is led by an experienced senior management and technical team, with a total of 67 full- and part-time employees.

Services and Clients: The company facilitates client deployment of applications on any cloud infrastructure through its proprietary IP, offering platform-agnostic Platform and Data Services.

Clients include Fortune Global 500 companies in manufacturing, financial services, and automotive industries.

Contracts range from two to seven years, and the company employs a recurring subscription revenue model.

** Confidential information to Qualified Buyers who submit Proof of Funds and a Financing Plan. **

Technology

Europe

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SaaS on Oracle NetSuite Platform: 90% Revenue Retention

$9,150,000

Annual Revenue: $2,700,000 Net Cash Flow: $2,000,000

This business has an accepted offer. Please view our other Tech Companies for sale.

With over a decade of experience, the company specializes in providing Oracle NetSuite ERP and CRM solutions in India, the UAE, and Africa.

It is expected to generate $2.7m in revenue in 2023, 81% of which is from Annual Recurring Revenue (ARR). Boasting a robust 74% adjusted EBITDA margin, revenue sources include SaaS ($1.3m), Oracle Licenses ($0.8m), and Professional Services ($0.5m).

Serving more than 160 global clients across diverse verticals, 40% of revenue is from Asia, 29% from the Middle East and Africa, 19% from North America, and 12% from Europe.

Team: Led by the CEO, the team includes two top-level non-owner managers and 30 employees. The company employs a full work-from-home policy and utilizes sub-contractors as business volume expands.

Services and Clients: Offering proprietary SaaS products, Oracle NetSuite licenses, and Professional Services, the company has more than 160 clients ranging from startups to midsize as well as enterprises in retail, hi-tech BFSI, healthcare, manufacturing, telecom, travel, hospitality, and media education. Clients benefit from fully customizable solutions, flexible module options, and a decade-plus NetSuite ecosystem experience.

Technology

India, Asia

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Niche Patented AI Consulting Company Serving the Construction Industry

$6,500,000

Annual Revenue: $1,600,000 Net Cash Flow: $700,000

Young and steadily growing reputable firm helping resolve mechanics liens through all categories of construction professionals.

With thousands of satisfied customers over its 20+ year history, ownership continues to innovate, resulting in better outcomes for its clients. The recent issuance of a patented AI platform that is highly predictive minimizes collection time and is increasingly accurate as the database grows.

The marriage of proprietary cutting-edge technology with ownership and management’s expertise in mediating such claims provides a fertile landscape of outstanding opportunities well into the future with little competition and significant barriers to entry.

Growth is truly limited only by the installation and implementation of a formal marketing plan as currently a limited sales strategy is used.

A fully staffed office capable of running day-to-day operations, an ever-expanding client list, and all intellectual property complete this outstanding offering. The owner is willing to entertain all deal structures including equity rollover.

Technology

New York

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Proven IT Recruitment Firm – Quick Sale

$950,000

Annual Revenue: $1,627,266 Net Cash Flow: $287,982

** Strategic cash buyers will be given priority and may be eligible for a 10% price reduction. **

Established for over 15 years, this niche IT staffing firm has a proven track record of delivering top-tier talent to clients across various industries. With a focus on white-collar positions, the company has a strong reputation for placing highly skilled professionals, including C-level executives, IT specialists, and administrative staff.

This boutique staffing company emphasizes customer service, boasting a lean operation and a solid client base. It typically places 30-45 consultants annually with a healthy 50% margin. However, due to unforeseen circumstances, the company is currently seeking a strategic buyer to help capitalize on its growth potential.

Key Benefits for a Strategic Buyer:

Established Market Position: A well-respected brand with a loyal client base.
Proven Revenue Stream: A consistent track record of successful placements.
Scalable Operations: A lean structure ready for expansion or to bolt on.
Growth Potential: Opportunities for increased market share and service offerings.

The current owner is committed to a smooth transition and is open to providing support during the acquisition process.

North Carolina

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Online Executive Change Advisory and Management Consulting Boutique

$2,750,000

Annual Revenue: $900,000 Net Cash Flow: $750,000

Fully integrated consulting firm providing an excellent suite of services ranging from initial assessment to strategic advisory to execution. Proprietary online and offline tools permit customization of change coaching for all levels of executives and private “labeling” and branding of all educational materials. Virtual presence permits streamlined operations that are easily scalable and highly profitable. To wit, the company has enjoyed an incredible 80% year-over-year growth in top and bottom line numbers over the last two years and is on pace to meet or exceed last year’s numbers for 2024! Ownership’s commitment to creating customer self-reliance through evidence-based knowledge transfer workshops has gained the firm credibility and “expert” status. This outstanding offering represents the perfect add-on to an existing management consulting/advisory firm or any tech-savvy investor.

Technology

New Jersey

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IT Services Company – CRM Implementation

$1,100,000

Annual Revenue: $1,368,175 Net Cash Flow: $212,825

This company specializes in providing Zoho CRM Implementation as a Zoho Premium Partner. Zoho is a powerful software suite for businesses of all sizes with 55+ applications, with 47% of its users in the US. (Companies that use Zoho have witnessed a 300% improvement in lead conversion and a 53% increase in customer retention) The demand for Zoho Implementation experts (Premium Partners) is at an all-time high and will continue to be so.

The asking price is for 70% of the company. The owners will retain 30% of the company and help with the growth post sale.

The company enables Medium to large organizations to optimize business functions such as –

Sales & Marketing
Email & Collaboration
Finance
Human Resources
Legal
Customer Support
BI & Analytics
Project Management
Developer’s Platform

Besides, the above services, the company has a Robotic Process Automation vertical powered by Zoho. The company is also currently near development completion of an AI MVP aimed towards finance and banking sector for deep real time corporate financial analysis to aid decision making. The software has a global potential user base and can be a considerable profit center for the company in 1-2 years from now.

Reason for Sale – The primary owner wishes to trim their work-load because of age-factor and focus on the AI MVP that is near completion.

Training & Support – The current leadership is fully committed to ensuring a smooth transition with the right buyer; while retaining 30% for the AI MVP development, beta rollout and formal launch with proper utilization of its existing network with Banks and financial institutions.

Team – The organization is promoted and headed by senior software professionals with 20+ years of experience in the IT industry. The leadership team comprises four technology professionals to drive sales and customer deliveries. The team is also comprised of senior business analysts and sales professionals who have a track record of generating consistence revenue growth.

Current Team total headcount = 75

FY2024-2025 projected headcount = 100

Clients – Minimum number of clients: 370

Minimum client tenure – 2 years

Maximum client tenure – 7 years

Average client tenure – 4.5 years

Technology

Bangalore, India, Asia

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GovTech Digital Agency

$2,500,000

Annual Revenue: $1,222,000 Net Cash Flow: $554,000

The company is a leading provider of GovTech & EdTech solutions, specializing in process automation, complex software engineering, user-centered digital government services, and data management and analytics. With over 25 years of industry experience, the company has earned a strong reputation for consistently delivering innovative, high-quality solutions to both public and private sector clients.

The Company helps enterprises drive digital transformation by delivering scalable, intuitive, and high-performance solutions that enhance efficiency, innovation, and customer experiences. It provides a wide range of services including custom software development, web and mobile app development, and user-centered UI/UX design and prototyping to enhance user engagement. The Company specializes in system integration and implementation for large enterprises, ensuring seamless connectivity across platforms. Services also include usability testing, training programs, and content creation to support client needs from start to finish.

The Tech stack includes PHP, Java, React, JS, Swift, Kotlin, SQL’s, AWS, Symfony 2, Docker, GIT, enabling company to deliver scalable, secure, and innovative digital solutions.

The Company employs Agile, Kanban, and Waterfall methodologies to deliver tailored solutions that adapt to client needs while ensuring structured and efficient project execution. Processes are operated under internationally recognized standards, including ISO 9004 for quality, ISO 27001 for information security, ISO 20000 for IT service management, and ISO 14000 for environmental sustainability. Solutions are developed in full compliance with EU regulations, especially in GovTech systems, ensuring legal and operational alignment. With TOGAF enterprise architecture, we ensure that technology aligns with business goals for seamless integration. By adhering to these standards, company consistently deliver high-quality, scalable, and secure digital solutions.

Investment Highlights:

Industries Served: Public sector, Education, Trade & e-commerce, Finance, Manufacturing, Tourism & Leisure.
Efficient Operations: High client satisfaction, with recurring contracts and projects, including prestigious awards like the Central Banking Award, national nominee for World Summit Awards, various national awards and accolades for its contributions to projects from top state officials.

Team: The company’s team consists of 15 skilled experts, each with an average of 10+ years of field experience. The team holds international certifications in enterprise architecture (TOGAF), business analytics (OCUP), project management (CompTIA Project+), usability & user experience analysis (CUA), full-stack development (AWS, MS, API, Zend, CIW), system security, cybersecurity & ethical hacker (CompTIA Security+), database (MySQL, Oracle) management, and software testing (ISTQB).

Business model: The company operates a service-based business model, providing tailored software development, web and mobile app solutions, system integration, and UI/UX design to government, enterprise, and educational clients. Company offers project-based services from consulting to implementation, with subscription-based offerings for maintenance, cloud hosting, and ongoing updates. By building long-term partnerships, company ensures the consistent delivery of high-quality, scalable solutions that drive digital transformation for the clients in both the public and private sectors.
Clients: The company counts major clients such as (one) Baltic Government, National central Bank, the International Labour Organization, and other large public sector institutions. The company has established long-term partnerships with over 200 leading Baltic organizations across various industries.
Key figures:
- Current contracts value is $2,260 k
- Full 2023: Revenue $1,222 k | Net Income $554k | 47.5% Net Income margin
- Full 2022: Revenue $1,151 k| Net Income $547k | 45.4% Net Income margin

Technology

Northern, Europe

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CRM SaaS for Gym Membership and Lead Generation

$2,754,402

Annual Revenue: $855,390 Net Cash Flow: $400,856

Two Cloud-based software businesses are available for sale together.
First is a CRM for Gyms focused on lead generation.
The second is Member management software for gyms.
They can be accessed from a desktop, laptop, tablet, or phone with the help of the internet.
Based in Australia, with a head office in Melbourne and a Sales and support team around Australia.
100+ clients on recurring plans (combined)
7 employees (combined) include 2 for IT development and 5 for customer success.

Growth Opportunities

Market Expansion

Vertical Expansion: Expanding beyond traditional gyms to serve niche markets like boutique fitness studios, wellness centers, yoga studios, martial arts schools, and even sports clubs. Each of these markets has unique needs that can be addressed by specialized CRM features.
Geographic Expansion: Targeting new regions or countries where fitness trends are growing, and the market is not yet saturated with CRM solutions. Localization and compliance with local regulations will be key.

Focus on Retention and Lifetime Value

Membership Loyalty Programs: Enhancing CRM software with built-in loyalty and rewards programs to encourage member retention and increase lifetime value.

Gamification Features: Introducing gamification elements like leaderboards, badges, and challenges that keep members engaged and motivated, improving retention rates.

Lead Generation and Marketing Automation

Enhanced Lead Nurturing: Developing more sophisticated lead nurturing workflows that combine CRM data with external data sources (social media, online behavior) to deliver highly personalized content and offers.
Omnichannel Marketing: Expanding capabilities to support omnichannel marketing strategies, allowing gyms to reach potential leads through multiple platforms (email, SMS, social media, etc.) seamlessly.

Expanding SaaS Ecosystem

Fitness Marketplace Integration: Creating or integrating into a marketplace where gyms can offer classes, memberships, or services directly to consumers, leveraging the CRM and lead generation tools to optimize sales.
Upsell and Cross-Sell Opportunities: Introducing additional SaaS tools for gyms, such as employee scheduling, inventory management, or financial planning, which can be integrated into the CRM platform.

Technology

Victoria, Australia

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Telecommunications Network Infrastructure Construction Company and In-House Internet Service Provider For Sale

$8,500,000

Annual Revenue: $2,653,500 Net Cash Flow: $612,000

A well-established family-based business spanning over two decades of experience and is a leader in the delivery of turnkey network infrastructure in Kenya, Africa and the Pan-African region. Our company has contributed to a significant percentage of Kenya’s fixed data network growth with contracts in place with Tier 1 Telcos and Vendors. The branch office in Ethiopia is currently engaged in turnkey BTS rollout services with a Tier 1 vendor. An In-house ISP that provides affordable broadband fiber internet to homes, businesses, and underserved areas in Kenya with a 24-hour Network Operations Center and overhead/underground cabled infrastructure. A perfect opportunity for an entry into the world’s fastest growing and advantageous telecommunications industry in Kenya, East & Central Africa. Headquartered in Kenya with a branch office in Ethiopia and registered in Madagascar, Uganda & Zambia with tremendous scalability and expansion opportunities within the region.

Technology

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Digital Freight Forwarding Software Platform

$214,511

Annual Revenue: $176,376 Net Cash Flow: $11,258

Digital Freight forwarding company set up in August 2019 in Noida, India based on data-driven technology. A platform designed for exporters & importers providing end-to-end services for modern logistics needs.
Current clients include companies such as Pepsico, Somfy, Casamara, Esskay Beauty, Orinetbell Tiles, Merino Industries, InoxGFL, Goodearth, Coral Telecom, Orient Fashion etc.
The company is certified by DIPP (Department for Promotion of Industry and Internal Trade). It has been recognized by Start-up India and is a proud member of GDF Network (Global Digital Freight Network).
The team is well experienced in the field of export/import, airlines, logistics, shipping lines, transportation and Information technology. With their expertise, they have made advance planning to link End-to-End users be it carriers, ports, service providers, or warehousing, there is going to be a solution from the company.
Quick freight booking, real-time tracking, structured data, shipment-specific communication, and a dedicated team of experts make sure running clients’ supply chain is simple, reliable, and accurate.

Growth opportunities –

Automation and AI Integration
Global Expansion
Sustainability Initiatives
E-Commerce Integration
Scalability through Cloud Solutions
Regulatory Compliance and Risk Management

Technology

Noida, India, Asia

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IT Services Firm GSA Approved

$5,900,000

Annual Revenue: $3,051,527 Net Cash Flow: $1,342,409

With years of expertise in design, implementation, and security, this company is a trusted partner for managing your business and technology infrastructure.

As a comprehensive IT firm, they offer a full suite of services, from strategic IT consulting and hardware procurement to advanced security and forensic audits, data center collocation, managed services (MSP), and custom development. Their automated supply chain ensures rapid delivery of IT hardware, while their collocation services cater to a wide range of data center needs, regardless of size or specific requirements.

Their state-of-the-art managed services, including email, hosted websites, and cloud solutions, provide reliable, secure, and efficient IT operations, contributing to a stable and predictable recurring revenue stream.

Priced competitively for a quick sale, this motivated seller is also open to staying on to support the business and help grow the brand.

Technology

New Jersey

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Growing E-Commerce W2/1099 Tax Compliance Business

$5,000,000

Annual Revenue: $1,618,623 Net Cash Flow: $996,184

This well-established company provides employers and financial institutions with the ability to prepare and file the full range of IRS information returns and annual wage reports documenting payments to recipients, as well as Social Security Administration (SSA) and Affordable Care Act (ACA) returns. It typically serves 1,900-2,000 customers annually, including Fortune 1000 and smaller corporations, colleges, and universities, and federal/state/municipal agencies.

Customers can distribute completed tax forms to recipients or have the company print and mail them to recipients or e-file them. If a proposed IRS policy is approved, by 2023 the number of companies that must e-file reports will dramatically increase—from those that file at least 250 reports to those filing at least 10, which has already attracted new customers in anticipation of this expanded compliance requirement.

The software provides many valuable features, including the ability to: validate taxpayer-identification numbers; flag errors prior to filing returns; quickly and easily correct errors after filing; file combined federal/state returns, and electronically file state wage reports. Because customers can purchase only the services they need, the company has a significant pricing advantage over competitors that bundle multiple services.

With virtually no advertising, growth has been driven primarily by repeat and referral patronage, reflecting the company’s robust software capabilities and stellar support, which has enabled many customers to avoid substantial interest and penalties. Since 2020, the company has acquired and gained many new customers because its previous vendors discontinued valuable services.

Because the company provides a compliance—vs. a discretionary—service, it is highly resistant to economic downturns. An accounting firm would be an ideal buyer, as it would greatly increase revenue derived from its existing clients while attracting new clients that appreciate the benefit of having a single company address both their tax preparation and filing needs.

Technology

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Managed Service Provider – 80 Percent Recurring Revenue – Has Accepted Offer

$2,520,000

Annual Revenue: $1,556,304 Net Cash Flow: $590,004

This business has an accepted offer. Please view our other Tech Companies for sale.

IT support and cloud solutions Managed Serviced Provider (MSP) for small and medium-sized businesses with a track record of over a few decades in Miami. The company offers a full stack of customized support IT services, including onsite and remote help desk support services, monitoring and alerting of critical infrastructure, patch management, and vulnerability scanning of crucial infrastructure with a focus on cybersecurity.

The company has more than three decades of experience assisting small businesses in migrating to a Cloud environment; they have generated more than $1.5m in revenue in the TTM to March 2023 (6% YoY growth) and have increased their seller discretionary earnings to $590k vs $400k in 2020 (+41% increase). Recurring revenue from technology and cloud services subscriptions is more than 80%, with the top 5 clients (majority on subscriptions) accounting for 48% of last year’s revenues.

Team:

In addition to the company owners, the company employs:

2 administrators
2 technicians on client sites
5 technicians for customer and project services

Services and Clients:

The company provides a whole stack of IT services, including onsite and remote help desk support services on Windows and MAC platforms, monitoring and alerting critical infrastructure, patch management, and vulnerability scanning of crucial infrastructure with a specialization in a comprehensive cybersecurity stack.

Amongst their partners & certifications: include Microsoft (Gold certified partner and small business specialist), Dell, HP, Cisco, and Vmware.

They serve about 70 clients annually each, with many of the top five providing recurring revenue. The company’s total recurring revenue is more than 80% – based on one- to three-year managed services agreements). Clients include law firms, financial services firms, healthcare organizations, tourism businesses, retailers, and many more. Almost all clients are based in Miami.

Technology

Miami, Florida

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Telecom Software Solution and Consulting Firm – Has accepted Offer

$790,000

Annual Revenue: $1,393,000 Net Cash Flow: $253,882

This company has an accepted offer. Please view our tech businesses for sale.

This company is a developer of technology that improves the quality of voice communication. Its products (“algorithms” and “soft-chip solutions”) remove echoes and background noise from phone calls and video conferences, making speech clearer. They offer a variety of tools for different situations, including standard phone calls, multi-person conferences, and internet-based calls.

The technology that the company employs is easy to integrate into existing systems and results in clear communication regardless of the user’s environment. Also highlighted are their experience in the field and long-term customer relationships, with customer geography from the US to Europe, to Asia.

This company targets businesses that develop communication software and devices, such as phone manufacturers or video conferencing service providers. Their technology helps these businesses create high-quality products.

Technology

Pennsylvania

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Self-Storage SaaS and Marketing Services Company, $3.7M in ARR – Has Accepted Offer

$14,600,000

Annual Revenue: $3,967,883 Net Cash Flow: $780,363

This business has an accepted offer. Please view our other Tech Companies for sale.

Founded more than 10 years ago, the company specializes in providing SaaS and marketing services to the Self-Storage industry. With an in-house team of experts, it offers digital marketing, website design, SEO, and software technologies tailored for self-storage companies and collaborates with self-storage businesses to facilitate their growth by offering digital marketing expertise and self-storage tools.

In the trailing 12 Months (August ’23- July ’24), the company achieved $4.0m in total sales, with $3.3m (84%) in monthly recurring revenue (auto-paid MRR with no AR). Seller Discretionary Earnings (SDE) amounted to $780k in those 12 months. Based on management projections, it is expected that the company’s total sales will reach $4.4m by the end of 2024, with $3.7m in ARR, and an SDE of $1.1m.

MRR derived from SaaS represents 70% of total revenue, and Search Engine Optimization (SEO) services represent 30% of total revenues (as of July 2024), creating synergies that mutually reinforce their impact.

A notable product in their portfolio is their proprietary API, one of the first integrated move-in software platforms that optimizes revenue, rental security, and facility visibility. The company’s innovative solutions have earned them prestigious accolades, including the 2021 “ISS Best of Business Most Innovative Product Award” and back-to-back “ISS Best of Business Awards for Best Marketing Services” in 2023 and 2024.

Team: The company is led by the 2 principals and is supported by a Director of Operations who oversees a management team of 11 and their 20 staff. There are 34 resources in total.

Services and Clients:

Proprietary Online Rental Suite and Directory
Pinnacle Progressive Design
Market IntelTM
Performance DashboardTM
Digital Marketing that includes SEO, Digital Advertising (PPC), Dynamic Listings, Social Media, Google Business Profile, and Reputation Manager

The company’s 300+ clients have close to 1,400 locations that the company provides services to. The locations are primarily concentrated in North America. Most of their revenue, comes from MRR, while the remaining portion is derived from one-time setup and development fees.

**Proof of funds will be required before further company details are released**

Technology

Colorado

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Tech Resource Staffing Company – Has Accepted Offer

$400,000

Annual Revenue: $786,068 Net Cash Flow: $100,591

This business has an accepted offer. Please view our other Tech Companies for sale.

This company offers a diversified portfolio of services including Team Augmentation, Feature Teams, Turn-Key Projects, and Direct Recruitment. Its strength lies in the ability to provide top-tier talent at competitive rates, thanks to a robust recruitment process and a deep understanding of the Portuguese tech market.

The company has a proven track record of success, boasting a 25% profit margin on Team Augmentation services and double-digit margins on Direct Recruitment. Its customer base spans the US, UK, Germany, Switzerland, and Portugal, with a healthy mix of SMBs and enterprise clients.

Expansion opportunities are ripe, particularly in the US and Nordic markets where demand for cost-effective IT solutions is high. The company also established strategic partnerships in the US and Netherlands and is actively exploring emerging markets like Crypto and AI.

The leadership team is adaptable and resilient, capable of navigating complex client needs and delivering flexible solutions. They are committed to innovation, continuously developing new products and exploring cutting-edge technologies. With a lean, efficient operating model and a strong focus on customer satisfaction, the company is poised for significant growth and offers a compelling investment opportunity for those looking to capitalize on the burgeoning tech scene in Portugal and beyond.

Technology

Portugal, Europe

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IT Staffing Company with large customers and full time placements – Has Accepted Offer

$2,300,000

Annual Revenue: $3,756,932 Net Cash Flow: $429,246

As a premier IT staffing company, this business specializes in providing full-time, top-tier talent directly to numerous large corporations. Its deep relationships with senior professionals within these organizations fuel ongoing success and growth.

The lean, high-performance team of eight (two on-site and six off-site team members) has achieved remarkable results, generating $4 million in revenue while minimizing overhead and maximizing profitability, giving the firm an edge over their competition.

The focus is primarily on full-time placements, ensuring optimal returns for both clients and the company and the company’s stellar reputation among clients and contractors alike is a testament to its commitment to excellence.

Expansion:

The company is poised for significant growth by expanding Client Services, Account Management, and Sales teams. This strategic investment will enable it to deepen relationships with existing clients, unlocking the vast potential within its current portfolio, which is currently operating at just 5% capacity.

Technology

Delaware

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Vertical Managed Service Provider, and 85% Client Retention – Has Accepted Offer

$2,300,000

Annual Revenue: $1,356,605 Net Cash Flow: $464,854

This business has an accepted offer. Please view our other Tech Companies for sale.

Full-service media storage solutions firm providing pre-configured hardware appliances and content archiving solutions to the broadcast and media and entertainment industry. The company provides end-to-end multimedia storage technology for digital preservation, empowering its clients’ assets to move seamlessly into disk, tape, and cloud storage from a single point of control.

The company has more than two decades of experience providing broadcasting and post-production companies the media storage solutions that fit their specific needs for data preservation, secure movement, and retention.

The company generated more than $1.3m in revenue in 2022 and has increased its seller discretionary earnings to $465k in 2022 vs $400k in 2021 (~16% increase). Recurring revenue is more than 65% of revenue.

Team: In addition to the company owners, the company employs:

VP – Technology
2 software Engineers: 1 Systems Engineer and 1 Solutions Architect

Services and Clients: The company provides a unified storage infrastructure and platform for media assets / digital archives primarily to post-production, news broadcasting, and public broadcasting companies. Products include:

Media Archive System: (a) Secure, scalable storage equipment infrastructure and support (servers, libraries); (b) Proprietary, agile digital asset management and workflow orchestration platform and support; (c) Virtual machine implementation and support; (d) Vault-API: REST API integrations
Cloud Storage: Cost-effective and secure hot cloud storage in the secure data center, providing two primary options namely Reserved Capacity and Smart-Tier.

They serve 200+ clients, with 78% of sales being indirect sales via strategic partners and 22% being direct sales. Clients include top broadcast networks. The revenue generation from the top client was ~14% of total revenue in 2022. The company serves clients nationwide.

Competitive Advantages:

Cost efficiency. Lowest in the cloud storage with equal speed & security protocols.
Dedicated support services team highly in tune with accounts’ systems.
Agile & readily available to develop & expand into current and new verticals.

Technology

West – Misc States

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Growing SEO Marketing Agency, Subscription Model: 102% Revenue Retention – Has Accepted Offer

$3,500,000

Annual Revenue: $945,000 Net Cash Flow: $780,000

The company is a premier digital marketing agency focusing on SEO solutions with a proven track record spanning over 20 years. Recognized as a top-tier service provider in the state, the business has consistently grown from year to year by maintaining a high standard of excellence.

Key Investment Highlights

Customer Satisfaction: The business maintains 170+ reviews on Google with a 5-star average.
Consistent Growth: The business has demonstrated steady and sustainable growth, highlighting strong market demand.
High Net Revenue Retention: With a net revenue retention rate of over 100%, the business showcases its ability to retain customers while expanding revenue by adding new clients.
Recurring Revenue: The revenue model is built on consistent recurring revenue streams, providing a reliable and predictable income to the shareholders.
Low Client Churn: Long client tenures, averaging over 4 years result in low churn rates, underscoring customer loyalty.
Inbound Lead Generation: all leads are generated organically, eliminating dependence on referrals, personal brand of the owners or external sales efforts.

Operating with no physical assets, the company’s entire staff works remotely. The company has developed proprietary software for HTML blogging and auto-site map generation.

The owner’s responsibilities include converting leads, billing, administrating duties and to a lesser extent server management. The business is mostly streamlined, allowing the owners to work a combined total of only 10-15 hours per week.

Business Model and Clients

The company offers a custom-designed website worth more than $5,000 at no upfront cost, provided clients subscribe to their website maintenance and SEO services.

The company has low customer concentration, with the largest customer contributing less than 10% of the revenue. The net revenue retention rate for 2023/24 stands at 102%.

Technology

Florida

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Workspace Technology Consulting, Planning, Design and Installation Firm – Has Accepted Offer

$6,000,000

Annual Revenue: $5,120,902 Net Cash Flow: $692,644

This business has an accepted offer. Please view our other Tech Companies for sale.

This company has twenty-five (25) +/- employees. All employees are high-end and are experts at their jobs. They are well paid in a corporate culture that is quality and customer service focused.

This is an Entrepreneurial Operating System or EOS® Run Company. A strong management team is in place to drive the business for the next 10-15 years.
The owners are involved in the day-to-day operations and are ready to retire after a long and successful career. They are willing to stay on for a negotiated transition but are looking towards retiring soon.

Details to qualified inquiries.

Technology

Ohio

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Managed Services And IT Solutions Company In New York Metro Area – Has Accepted Offer

$2,320,000

Annual Revenue: $2,867,115 Net Cash Flow: $704,592

This business has an accepted offer. Please view our other Tech Companies for sale.

Since its establishment, this business has registered consistent increases in the demand for the services it offers the SMB community, which include web/email hosting, cloud computing, network security, VOIP solutions, hardware installations, data storage, and consulting.

A highly capable technical support staff resolves customers’ issues through both remote and on-site assistance. Technical support personnel also conduct regular visits to clients unrelated to troubleshooting problems, which reinforces clients’ perception of the company as their in-house IT department.

Clients seek the senior engineers’ and owner’s advice on initiatives to maximize their ROI in technology. The company’s preeminent service quality has been instrumental in maintaining an extremely high client retention rate. Recurring revenues from monthly SaaS, cloud, and cybersecurity training agreements, as well as annual agreements for renewals of subscriptions and warranties, account for over 75% of total revenues.

Businesses today are highly vulnerable to and keenly aware of the risks inherent in their ever-increasing reliance on technology. Hardly a week goes by without reports of businesses of all sizes facing ransomware demands that paralyze their operations and expose both their and their customers’ data to theft, causing them to incur extraordinary remediation costs.

The optimal buyer would be a company that provides professional services to businesses, such as an insurance company, CPA firm, or law firm. Acquisition of this company would strengthen the buyer’s internal IT posture while adding a new profit center generating a strong recurring revenue stream. The buyer’s clients would benefit from having their utilization of computer technology managed more efficiently and with greater protection from the financial and reputational risks stemming from cybersecurity crises.

Proof of Funds will be required for the seller to consider releasing company details.

Technology

New York

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IT Support and Services Company – Has Accepted Offer

$3,250,000

Annual Revenue: $1,729,311 Net Cash Flow: $860,396

This business has an accepted offer. Please view our other Tech Companies for sale.

The company is focused on assisting businesses in managing and maintaining their IT infrastructure.

The company has emerged as a reliable partner for clients seeking proactive and reliable IT solutions. It boasts a team of highly skilled and certified technicians who deliver a comprehensive suite of services tailored to meet the diverse needs of its clients. From proactive system support to complete network monitoring and automated remediation, the company ensures that its clients’ IT systems operate smoothly and securely. In addition to its core services, the company offers a variety of optional services to enhance its clients’ IT capabilities. These include onsite support for immediate assistance, spam filtering to guard against email threats, and colocation services for secure data storage.

The company also provides structured cabling services for efficient network infrastructure and project planning to aid clients in implementing new IT initiatives. With after-hours support available, the company ensures that its clients receive timely assistance whenever required. Moreover, by offering Office365 and Google Apps integration, the company helps clients harness the power of cloud-based productivity tools for improved collaboration and efficiency.

Technology

Williamson County, Texas

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Last Mile Logistics Platform – 75% Growth – Has Accepted Offer

$4,700,000

Annual Revenue: $11,000,000 Net Cash Flow: $941,000

This business has an accepted offer. Please view our other Tech Companies for sale.

Minimum of $4.7M for a 57% stake in the Company

Transaction Overview:

Secure a majority stake in a rapidly growing last-mile logistics technology company with an upfront commitment of just $520K.
The majority stake includes a shareholding of 57% with 4 out of 7 board seats. The valuation for this significant stake ranges from $4.7M to $6.5M, with a minimum transaction price of $4.7M. Depending on the agreed Earn Out structure, the final price may scale up to $6.5M over time.
The Company’s founder is seeking an upfront payment of $520K upon closing, with plans to gradually transition out of the business over the next 6-7 years. During this transition period, the founder is committed to supporting the buyer in driving business growth and is open to participating in its success through an Earn Out arrangement.
The management has proposed an EO structure based on revenue growth, i.e., for every $1 increase in revenues, Earn Out payments amount to $0.2 multiplied by the percentage of equity stake acquired. Additionally, the company is prepared to provide financial assistance to cover any funds required for Earn Out payments, ensuring a seamless transition for the buyer.
An Enterprise Value of $15M and a 100% Equity Value of $11.3M.

Company Overview: The Company offers a mission-critical Delivery Management Platform, linking businesses in need of last-mile delivery solutions with an extensive network of over half a million drivers. It serves as the go-to platform, like Uber, for businesses seeking efficient product delivery to their customers.

Current operations of the Company are served by a technology-enabled last-mile logistics platform. At the same time, the technology is also built to serve as a SaaS-only platform for anyone in this space.

Established almost a decade ago, the Company is headquartered in Delaware. The firm is a Better Business Bureau (BBB) accredited business, a member of Customized Logistics and Delivery Association (CLDA) and Transportation Intermediaries Association (TIA).

In 2023, the Company achieved a notable milestone by exceeding $8M in revenue, representing an impressive 75% growth compared to its 2022 revenues. With a track record of sustained profitability, the Company has established ambitious yet realistic goals, aiming to achieve an adjusted EBITDA of $1.2M by the year 2024.

Services offered: The Company offers a logistics mobile application, presenting an innovative alternative to traditional delivery services. Through this platform, both businesses and consumers gain access to a curated network of local drivers, facilitating same-day deliveries at competitive rates.

Clients: The Company has a B2B client base of 5 customers in the Auto and e-Commerce industries. These customers are served across multiple locations, which develops an embedded relationship with the Company and its solution, making it a mission-critical offering and difficult to switch to a competing platform.

Approximately 90% of the Company’s recurring revenues come from a single major client serviced across 11 states. The Company’s extensive relationship with this client, established over almost a decade, is poised to contribute to continued revenue growth in the upcoming years. The Company also onboarded a new client in the same industry towards the end of last year which will result in more diversifications in revenues during the year.

Employees and Operations: The Company has a capable and experienced management team committed to staying on board post-close. Moreover, the firm is backed by various institutional investors who will keep supporting its growth in the future.

Reason for Selling: The Company’s founder wants a minimum upfront payment and then wants to transition out of the business in the next 5-6 years. During the period, the owner is willing to help the buyers grow the business and get a share of the pie based on an agreed Earn Out arrangement.

Financials: The Company posted Jan 2024 run-rate revenues & EBITDA of approximately $11M and $941K, respectively. In February 2024, a significant addition to its clientele in the auto sector is projected to contribute annual revenues ranging between $1.5M to $2M. With an expanding customer base anticipated throughout the year, the Company is poised to surpass $12M in revenues, maintaining an EBITDA margin of approximately 10%.

Market Overview: In 2023, the revenue of the US Courier and local delivery services market surpassed $165B. Over the five years from 2018 to 2023, the market size for Couriers & Local Delivery Services in the US experienced a Compound Annual Growth Rate (CAGR) of 5.9%. *

Looking ahead, the Global Logistics Management Market is projected to witness robust growth, with a forecasted 7-year CAGR of 8.5% during the period from 2024 to 2031. **

*Source: IBIS World [ibisworld.com]

**Source: Cognitive Market Research [congnitivemarketresearch.com]

Technology

Delaware

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wireless-internet-service-provider-company-for-sale-in-michigan-300x208-1

Wireless Internet Service & Telecom Provider – Sold

$4,400,000

Annual Revenue: $3,536,386 Net Cash Flow: $1,171,043

The company has been sold. Please contact us to sell your Internet Service Provider (ISP) in Michigan or anywhere else in the Us. If you are interested in purchasing an ISP or other tech business, view our other technology businesses for sale.

The company is an Internet Service Provider and Telecom Provider. It offers Wide Area Networking (WAN) solutions to businesses. The core focus also includes business data continuity services and custom networking solutions through wireless services.

Their clients range from small to large enterprise businesses in a variety of sectors, and the company operates on a subscription-based model. Over 40% of recurring revenue is generated by loyal clients who have added on services and products over time.

Technology

Ingham County, Michigan

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SaaS Company for E-Learning & Corporate Training – Sold

$3,000,000

Annual Revenue: $1,300,000 Net Cash Flow: $680,000

This business has been sold. If you are interested in selling your online education business please contact us.

This Software Company provides a professional skill or competency development SaaS system that identifies skill gaps and provides personalized learning to close them. They are organized into two business segments: (1) Software as a Service (SaaS)Business, which offers cloud-based software that enables organizations to upskill and reskill employees, and related services, such as the creation of competency models and competency-based learning. (2) Staffing Business, which offers project management solutions. The SaaS business consistently generates over $1mn in annual revenue, achieved an 8%+compounded annual growth rate from 2013 through 2019, and has a new business pipeline worth over $650k for the next two quarters. The owners, wanting to retire, are seeking to sell either both or only the SaaS business to an acquirer that can leverage its software capabilities to capture a share of the ~$240bn Corporate Learning and Development (L&D) market and the increasing organizational importance of learning to survival.

Technology

Florida

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Professional Tech Consulting – Sold

$2,300,000

Annual Revenue: $1,814,555 Net Cash Flow: $692,504

This company has been sold. Please see our other technology business for sale. This company is a corporate IT consulting solutions provider mainly dedicated to preventive system maintenance. The company has been in operation since 1999. The company’s founder started the company in a bid to meet the demands of the rapidly changing technological world by providing corporate clients with rapid changes of the technological scene, cyber security issues, system upgrades, converting large and complex computer systems, among other services based solutions such as system planning, integration, application deployment, desktop support and remote monitoring of systems.

Over the years, the company has gained expertise and experience that helps in the delivery of services/projects within time and budget, which is coupled up with follow-up and customer support to ensure all clients’ needs are met and addressed promptly.

Desktop support: The company offers remote and onsite assistance to the client’s staff when the need arises and needs to be addressed promptly.

System engineers: The Company has system engineers ready for deployment at any given time to address emerging issues and keep operations of all clients working smoothly.

Migration, Upgrading, and Logistics: Provision of software and hardware upgrades, migration of systems from single user systems to company-wide networks.

Microsoft services: The company handles all Microsoft software-related installations, maintenance, and administration.

Scripting: The Company offers MS Excel application development, data integration, and scripting for inventory and management purposes.

Financial services: The company offers trading floor environment support, systems, and market data.

Additional services: Other additional services related to it and integration are offered in this category. These are bulk SMS implementation, OS upgrades, and other support of minor hardware and software.

Employees:12

Facilities: On-demand leased space

Competition: The company utilizes various marketing channels that are boosted by the businesses’ ability to maintain a high standard of operation and customer care. The marketing channels utilized are, • Email marketing: subscription-based email marketing options are used. Customers, new and existing, receive emails of products updates and new products with additional insights to proper utilization of solutions. • Outsourced marketing team: the business utilizes outsourced marketing teams that create leads for business and client generation. • Web-based advertisement: other web-based advertisement channels are utilized, such as ads and referrals. • Continued delivery of impeccable services and solutions to all clients.

Growth & Expansion: The business is exposed to limitless growth potentials; being in the technology industry means that there are newer ways to expand and cover daily. The company can move and integrate software development services such as developer solutions, application design, and support. The company has aggressively started a marketing campaign.

Reason for Selling: Retirement

Contact us to help you sell your technology company in Ohio or any other state.

Technology

Ohio

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Royalty Fee SaaS Company, 99% Client Retention – Sold

$1,970,000

Annual Revenue: $860,724 Net Cash Flow: $434,252

This business has been sold. Please view our other SaaS and Software Companies for sale and contact us if you would like to sell your SaaS company.

Founded more than twenty years ago by a telecommunication and media veteran, the company provides a cloud-based software solution for media companies to effortlessly calculate complex video content royalties, eliminating error-prone manual methods. The software can be used for any type of royalty calculation and is not limited to video.

The company’s mission-critical software generates a client retention rate that exceeds 99%. Their high recurring revenue of 97% of the projected $861K revenue for 2023, showcases the stability of the business model with very predictable, consistent returns. The cash flow of the company as measured by its seller discretionary earnings (SDE) is estimated to be around $434k in 2023 (+15.7% increase year over year).

Notably, revenue sources remain diversified, with newer revenue streams such as Managed Services, Consulting, and Custom software accounting for more than 20% of revenue and no single client contributing more than 12% of revenue. A secure foundation is established through multi-year contracts with major clients, assuring a steady future income stream. An acquirer can capitalize on untapped potential in the expansive market, where hundreds of companies, both domestically and internationally, still rely on outdated tools. A lean and efficient operational structure, characterized by minimal overhead and a remote workforce, positions the company for high scalability and amplified profitability with each new client acquisition.

Team: Fully remote team, led by its CEO and founder, supported by a team of four employees working part-time and full-time.

Services and Clients: The comprehensive services offering which includes custom software development and software licensing, also features budgeting tools and consulting services. These generate steady recurring revenue. Newer revenue streams include Managed Services, as companies continue to look for opportunities to streamline their operations and outsource their administrative costs.

Most client contracts are secured on a multi-year basis ranging from three (3) years upward.

Technology

Florida

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Wireless Security Products & Services Company- Sold

$2,200,000

Annual Revenue: $1,733,000 Net Cash Flow: $600,000

This company has been sold, view our other technology businesses for sale.

This Company produces and distributes proprietary wireless products for a growing niche in the Security industry. Their recurring revenue has grown continuously every year since their inception over 15 years ago. Demand continues to grow because their patented technology provides an added value compared to conventional products. This is a unique opportunity to own a company with high profit margins and relatively low overhead. Owner is retiring after many years in the business. A company in a related industry that acquires this business would have access to this company’s repeat customers and would be able to sell this company’s products into the acquiring company’s customer base.

Support/Training: Seller will stay on after the sale to help with training and transition of the sale.

Contact us to help you sell your technology business.

Technology

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Software Solutions Provider – ERP, BPM, and Data Intelligence – Sold

$2,900,000

Annual Revenue: $3,280,000 Net Cash Flow: $636,000

This company has been sold. Please view our other Technology companies for sale.

This Software and It Services provider represents a unique opportunity for a buyer to acquire an open-source software solutions provider with several hundred customers worldwide. SSP offers its clients award-winning solutions in ERP, BPM, and Business Intelligence. Founded in 2008, the company currently has operations in the US, the Middle East, and India. SSP has clients across a broad spectrum of industries and countries, including private and government organizations. In 2016, it added large clients from Saudi Arabia and Canada to a client list that already included firms in the US, Middle East, and India.

Technology

Georgia

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IT Services Business with Long Term Engagements – Sold

$2,100,000

Annual Revenue: $6,084,590 Net Cash Flow: $650,000

This company has been sold. Please view our other tech businesses for sale. If you are interested in selling an IT Services Company in Missouri or anywhere else please contact us.

Established for 20 years, this IT staffing company has earned a reputation for providing talented IT professionals who create and support mission-critical applications for many businesses throughout Saint Louis. Their typical engagement is 18-24 months long which provides a nice predictable revenue stream. They currently have 30 people on billing and have active relationships with over 100 local clients. This business has not made a cold call in over 10 years, which is a reflection of how their clients value their services. Includes a small but long-tenured and experienced internal staff.

Technology

St. Louis, Missouri

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Managed Services Provider and AWS Cloud Computing Reseller & Consulting – Sold

$3,100,000

Annual Revenue: $2,555,000 Net Cash Flow: $797,000

This business has been sold. Please view our other IT Services Companies for sale and contact us if you would like to sell your managed services company or cloud computing business in New Jersey or any other state.

The company was launched more than 8 years ago and provides software development, cloud architecture, and migration services, as well as security consulting. They generated more than $2m in revenue in 2022, and their clients consist of 30% within the NPO Education space, 20% in retail, and 50% in the advertising and technology spaces.

New business is obtained purely via referrals from clients and through growing client accounts after they have been onboarded.

The company’s strengths are its deep expertise in AWS infrastructure and architecture, strong software development skills, low labor cost by utilizing long-term offshore contractors, and significant monthly recurring revenue.

Although they have outstanding expertise in PCA and HIPAA as well, the company has favored small to medium enterprise clients with limited internal IT staff and/or cloud expertise to maximize their current service offerings. Managed services and software development are their highest-margin products. They can provide 24-hour monitoring for clients with their contractor model.

There is a significant opportunity for growth in the Managed Services AWS space, and the company’s model utilized for its largest client is repeatable. In addition, the creation of a sales team and go-to-market plan will substantially drive the revenue stream upward.

Team: In addition to the 2 company owners, the company employs the following staff who all work remotely:

Director Consultant Ops
Director Cloud Ops
2 full-time software engineers
1 part-time software engineer

The company has an office as its headquarters in New Jersey.

Reason for Selling: The owners are ready to retire and hand over the business to the right buyer who can take advantage of many growth opportunities in the cloud adoption space. They are willing to assist the buyer through the transition period to ensure they are set up for success.

Technology

Union County, New Jersey

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IT Managed Service Provider (MSP/ISP): Internet Svcs, Telecom, Cloud Services – Sold

$1,950,000

Annual Revenue: $1,252,358 Net Cash Flow: $495,825

This company has been sold; view our managed services providers for sale and all of our technology businesses for sale.

The company was established in the mid 90’s. The company is family-owned and operates out of company-owned premises. Being under the same management for all its existence, this business has thrived in a rapidly changing technological environment. The company has endured stiff competition, changing industry standards and technology, and has gained the experience in technology and customer services to deliver a technological edge of a large business with the wallet of a small business to all clients.

This company delivers reliable telecommunications services for data, voice, and cloud while reducing costs of operation and at the same time offering the benefits of expert management of customer IT assets. The company owns and operates a fiber optic and fixed wireless broadband network. The company has deep reseller and wholesale relationships with large telecommunications companies.

The company offers:

Connectivity: fiber-based connections, technical support, nationwide connections.
Phone: Hosted PBX, local and long-distance phone service, VoIP fax lines, UCAAS, Internet service, private WAN services, cloud-based phone systems.
Cloud/IT: virtual desktops/apps, work from any device/location, custom business solutions, IT maintenance, and support.

The company services 220+ clients; over 2,500 end-users.

Data services offered by the company account for 36% of the revenue, voice services contribute another 36% of the revenue and 28% of the revenue comes from Cloud services which are relevantly new.

The company has key strategic partnerships which make the company even more lucrative

Key Highlights / Competitiveness

All services are subscription-based on auto-renewal contracts. The company enjoys very high customer retention with 94% of all revenues being recurring.
The company has a low single customer loss risk, with the largest customer bringing in only 9% of revenue.
The company hosts its own cloud services and voice services in its own small data center. This makes the cloud services and voice services higher margin than a company that just resells these services. It would be an ideal addition to a managed service company that wishes to enter the facilities-based cloud and voice/telco business.
Most business comes from direct client referrals.
The company enjoys profit margins of 59% of sales.
The cost of goods sold (COGS) is declining dramatically due to various strategic implementations put in place.
Customer churn is very rare. Most customers are with the company for decades.

Facilities: The owner has a building in TN that serves as the company headquarters. It hosts fiber terminations and a small data center for cloud services. The new owner can lease the facility from the current owner for $2000 per month or can buy the asset for the market value which is about $220,000.

Support & Training: Full Support will be provided

94% Monthly Recurring Revenue at 59% margins.
Growing at 14% per year.

The price includes $267,000 of equipment.

Contact us to help you sell your technology business in Tennessee or any other location.

Technology

Chattanooga Area, Tennessee

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Computer Network Services – Sold

$3,900,000

Annual Revenue: $3,079,525 Net Cash Flow: $1,112,416

This company has been sold, view our other technology businesses for sale.

Operating in New York’s Adirondack Region, this company has over 30 years of experience providing technology services to both the public and private sector. The company also directly supports schools. They have built a solid client base and a strong reputation across the state as a quality provider.

Company’s services include:

Technology consulting
Network design
Network phone systems
Computer software development and applications
Digital signage
Camera security and surveillance
Videoconferencing/Presentation systems

The Company maintains a New York State Office of General Services contract. It was a multi-year process to procure this contract and proves as a valuable tangible asset to the new owner. The company also recently received approval for Woman Owned Business status – a process that took three years and is also a valuable tangible asset to the new owner.

Employees: 15

Facilities: Two owners work from home offices. This could be considered a home-based business. One owner works 20-30 hours per week, the other works 45-60 hours per week to maintain and oversee current client contracts. Employees are based in multiple offices at public facilities throughout the state; those offices are at no cost to the Company, as they are included with the work contracts.

Competition: New owner could choose to capitalize on the growing trend of companies outsourcing their IT services while also paying higher premiums for solutions and quality.

Growth & Expansion:

Growth opportunities:

Expand managed services into other verticals
Build out a sales force. (Company does not currently have a sales force, but is maintaining existing contracts)
The growth of emerging technologies also offers new opportunities. As IT skill shortage intensifies in the marketplace, the demand for IT services will grow.
Pursue other OGS contracts

Financing: Owners are willing to offer some financing for the right person.

Support & Training: The owners’ level of their involvement during the transfer of ownership will be entirely dependent on the new owner’s experience in the industry. Owners are willing to negotiate details to ensure a smooth transition.

Contact us to help you sell your technology business in New York or anywhere else in the United States.

Technology

Adirondack Region (Warren County), New York

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IT Services and Consulting Firm – Sold

$1,100,000

Annual Revenue: $1,218,000 Net Cash Flow: $304,970

The company has been sold. Please view our other technology businesses for sale.

Distinguished computer services and consulting firm is well known in their region and has received multiple awards for excellence. With a headquarters in Central New York in the Northern Appalachian Region, the company also has a presence in Florida. Founded over 30 years ago, the company has built a solid reputation while expanding its services to meet demand.

Computer equipment sales and service
Computer networking services
Security – risk management and compliance services
Server management
Data backup and recovery
24/7 IT support services
Website design, hosting, maintenance, SEO

The company enjoys a loyal customer base and offers comprehensive and customized solutions to primarily small and medium-sized businesses. The company is open to the public, offering personal computing services as well.

In addition, the Company has expertise in security compliance programs. Security regulations and guidelines are required of many businesses and organizations in order to protect confidential information, and avoid data breaches and ransomware. The company offers assessments and training services to ensure procedures and policies are in place to identify and prevent security threats.

Building SF: 4,000

Employees: 6

Competition: New owners could choose to capitalize on the growing trend of companies outsourcing their IT services while also paying higher premiums for solutions and quality.

Growth & Expansion:

Companies that outsource their technology support tend to depend on a single vendor for multiple needs. The potential to offer numerous services to new and existing customers signals significant growth opportunities.
Expand managed services into other verticals.
Build the existing sales and service team.
The growth of emerging technologies also offers new opportunities.

As IT skill shortage intensifies in the marketplace, the demand for IT services will grow.

Support & Training: The two owners’ level of involvement during the transfer of ownership will be entirely dependent on the new owner’s experience in the industry. Owners are willing to negotiate details to ensure a smooth transition.

If you would like to sell your IT Services business in New York or any other area please contact us.

Technology

Central, New York

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Established Software Company – Sold

$995,000

Annual Revenue: $974,000 Net Cash Flow: $333,000

This company has been sold, see our other software companies for sale. Long Established software company provides file transfer software, including Secure FTP, that secures the exchange of files between a company’s business and its customers, business partners, as well as provide file distribution services for web-based applications.

The company has been creating and selling data communications software since the 1980s. The company’s products are used primarily by Fortune 1000 companies primarily in banking, healthcare, government, insurance and manufacturing. Data communications gateway software is the company’s primary business.

The company’s main product, called the Secure Network Gateway, consists of an overall, controlling automation program, a group of job processing services, including a scheduler and alert mechanisms, several secure IP products covering SSH, SSL and HTTPS, some directory management services and several file-processing applications.

Their typical customer is a Fortune 1000 company. The banking and financial services market makes majority of their customers, their products have proven successful for banking, healthcare, insurance, manufacturing, and government. Their current client roster is 39 for 2017. These are long-standing elite accounts, some go back to 1990s and clients rarely leave unless they merge with other companies that may have a different vendor. Their largest current client provides only 6% of revenue, so the sales are not concentrated. Most of their clients are in the Eastern US, but they do have some in Hawaii, Wisconsin, Kansas, Kentucky, Michigan, California and Manitoba, Canada. 80% of clients pre-pay in advance annually, 20% are billed and collected on a monthly basis.

The current staff consists of 4 FT employees, 2 are admins 1 is a CFO and 1 is Payroll/Benefits coordinator. The other 2 remaining people are software support in which one wants to retire and the other could be retained post-transition. All employees are willing to stay on through the transition.

Contact us to sell your software business.

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ERP Software Company – Sold

$1,100,000

Annual Revenue: $1,361,884 Net Cash Flow: $246,059

This company has been sold, see our other software companies for sale. They are a software provider and IT consulting services in business since the mid-1970s for the manufacturing industry. They have around 30 clients that they serve. This Company has Intellectual Property for ERP software in their niche market. This software product provides a lot of flexibility/customization in terms of implementation to meet the diverse needs of the industry. The company implements this offering to the manufacturers’ industry in the MTO, ETO, CTO, and Mixed-mode industries. They are the sole developer, Implementer, and support team of its product which is currently offered as an “on-premise” business software solution. Plans are underway to move it to the cloud with Oracle.

The system enables the development of monitored workbenches to give a manufacturing process the visibility and control of Shop floor, orders, Time and attendance, job status, and most importantly the provision of accounting and reporting data. The software package utilizes Oracle’s database, forms, and reports designed and owned by the company. The company covers areas in Client/Server implementation, Java technologies, Microsoft services, web development, Office integration, and other support services. These services are designed to ensure implementation of the ERP software works in a seamless environment that bolsters productivity in a personalized manner.

The Implementation of ERP cloud will develop a platform for new users with this requirement. The company has not implemented advanced/ substantial marketing efforts to sell the company’s products and services. A more product-oriented marketing approach can boost sales.

Support & Training: Full training provided

Reason for Selling: Retirement

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Technology

Cleveland Area, Ohio

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Digitization Tech Company – Sold

$875,000

Annual Revenue: $1,091,016 Net Cash Flow: $412,018

The company has been sold, see our other technology businesses for sale. A leader in the digitization realm. They have been in business for over 10 years with a 100% customer satisfaction rate. They are experts at converting all media formats and have the ability to convert photo, film, video, and audio formats and deliver it on Hard Disk or the Cloud. The majority of competitors can’t handle the same number of formats and types of standards that they can handle. For video, they can convert the majority of media made in the last 40 years and have the ability to convert high-definition tapes to high definition digital formats when others can’t. They can also handle long running and difficult tapes. Their multimedia, multi format and multi standard make them a different company and have the ability to handle the majority of requests without question.

By applying consistent policies across their production, service, and output standards, they achieve the margins that they seek.

Everything is centralized in QuickBooks; hence due diligence will be quick and easy.

They have established clients all over the map. The majority of the work is in the NY area but they do get orders outside of the NY area. They are a one-stop shop for digitalization of all types of formats, along with that they also do hard drive recovery and computer repairs.

Even experts in the industry who own their own digital equipment give them work because of the quality and the service that the company provides.

Over $200,000 worth of equipment is included. The company is well staffed by trained professionals and if need be can run by itself.

Employees: 13
Facilities: The company currently operates out of a 1900 sq. feet commercial office space, with a monthly lease of $5680/month (which includes 2 parking spaces) The lease ends in 2018 and current owner is negotiating a new lease. A new owner can also get another lease for another 10 years. If the operations were to be moved to another location there could be reduction in lease. The business is in a good location where a customer can walk in and drop the order and pick it up.
Competition: There isn’t a lot of competition because of the service, quality and expertise that they provide.
Growth & Expansion: Develop the company app (subscription based) and aggressively bis the high-volume jobs
Financing: $487,500 down and rest in owner financing available
Support & Training: Transition time of 2 months is offered because the seller wants the business to be successful and can be a consultant working offsite.
Reason for Selling: The owner wants to return to Canada.

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Experienced IT Services M&A Business Brokers

Annual Revenue: $19,000,000 Net Cash Flow: $3,100,000

New Jersey

Annual Revenue: $12,000,000 Net Cash Flow: $5,700,000

Saudi Arabia, Asia

Annual Revenue: $8,066,299 Net Cash Flow: $3,449,975

Europe

Annual Revenue: $2,700,000 Net Cash Flow: $2,000,000

India, Asia

Annual Revenue: $1,600,000 Net Cash Flow: $700,000

New York

Annual Revenue: $1,627,266 Net Cash Flow: $287,982

North Carolina

Annual Revenue: $900,000 Net Cash Flow: $750,000

New Jersey

Annual Revenue: $1,368,175 Net Cash Flow: $212,825

Bangalore, India, Asia

Annual Revenue: $1,222,000 Net Cash Flow: $554,000

Northern, Europe

Annual Revenue: $855,390 Net Cash Flow: $400,856

Victoria, Australia

Annual Revenue: $2,653,500 Net Cash Flow: $612,000

Annual Revenue: $176,376 Net Cash Flow: $11,258

Noida, India, Asia

Annual Revenue: $3,051,527 Net Cash Flow: $1,342,409

New Jersey

Annual Revenue: $1,618,623 Net Cash Flow: $996,184

Annual Revenue: $1,556,304 Net Cash Flow: $590,004

Miami, Florida

Annual Revenue: $1,393,000 Net Cash Flow: $253,882

Pennsylvania

Annual Revenue: $3,967,883 Net Cash Flow: $780,363

Colorado

Annual Revenue: $786,068 Net Cash Flow: $100,591

Portugal, Europe

Annual Revenue: $3,756,932 Net Cash Flow: $429,246

Delaware

Annual Revenue: $1,356,605 Net Cash Flow: $464,854

West – Misc States

Annual Revenue: $945,000 Net Cash Flow: $780,000

Florida

Annual Revenue: $5,120,902 Net Cash Flow: $692,644

Ohio

Annual Revenue: $2,867,115 Net Cash Flow: $704,592

New York

Annual Revenue: $1,729,311 Net Cash Flow: $860,396

Williamson County, Texas

Annual Revenue: $11,000,000 Net Cash Flow: $941,000

Delaware

Annual Revenue: $3,536,386 Net Cash Flow: $1,171,043

Ingham County, Michigan

Annual Revenue: $1,300,000 Net Cash Flow: $680,000

Florida

Annual Revenue: $1,814,555 Net Cash Flow: $692,504

Ohio

Annual Revenue: $860,724 Net Cash Flow: $434,252

Florida

Annual Revenue: $1,733,000 Net Cash Flow: $600,000

Annual Revenue: $3,280,000 Net Cash Flow: $636,000

Georgia

Annual Revenue: $6,084,590 Net Cash Flow: $650,000

St. Louis, Missouri

Annual Revenue: $2,555,000 Net Cash Flow: $797,000

Union County, New Jersey

Annual Revenue: $1,252,358 Net Cash Flow: $495,825

Chattanooga Area, Tennessee

Annual Revenue: $3,079,525 Net Cash Flow: $1,112,416

Adirondack Region (Warren County), New York

Annual Revenue: $1,218,000 Net Cash Flow: $304,970

Central, New York

Annual Revenue: $974,000 Net Cash Flow: $333,000

Annual Revenue: $1,361,884 Net Cash Flow: $246,059

Cleveland Area, Ohio

Annual Revenue: $1,091,016 Net Cash Flow: $412,018

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