If you are considering selling your workflow software company, we can help you manage the process. We have experience selling workflow automation software companies and offer a free confidential consultation.
Synergy Business Brokers is a leading M&A firm that has sold dozens of technology companies and has a large database of 40,000 potential buyers. We focus on selling companies with annual revenues of $700,000 to $40 Million so hopefully, your company is in that range.
Potential buyers for your workflow software company include private equity firms, public and private software companies, as well as tech serial entrepreneurs. In most cases, the buyers want to keep your current staff and of course your current customers. The best buyer is one that can leverage your technology, customers, and employees to grow your business and unlock synergies.
The more that your software can increase your client’s efficiencies and manage their workflow the more likely it is that someone will see you as an attractive acquisition. If your client retention rate is high this is a plus. The more recurring revenue from software maintenance or license fees, the better.
Momentum Software develops, markets, and supports workflow technologies to improve efficiencies in Banking, Insurance, Healthcare, government, and manufacturing. It allows the secure transfer of files, which in these industries is critical. The products are used for applications such as Supply Chain Management, Electronic Funds Transfer, ERP, E-Commerce, and EDI.
With every software company assignment, we always have a large number of potential buyers. We get them to sign NDA’s and provide us with their qualifications and backgrounds and then we can provide them with additional information. Then it is a process of answering questions, finding out who is most interested and introducing the most interested and qualified buyers. Following an initial meeting with the buyer, we see who makes the best offers and negotiate terms that work for both the buyer and seller.
In the case of Momentum Software, an offer was agreed to within a couple of months from the seller’s initial inquiry and it was a few months from start to finish to close the deal.
For more information on us, you can visit our sold businesses page as well as our testimonials. When you are ready for a conversation, please fill out our online form, email us at info@synergybb.com or call (914) 738-9350 and we’ll put you in touch with one of our Senior Advisors.