Industry: Technology

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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.

Pennsylvania
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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:

  1. 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
  2. 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.
kyc
Innovative SaaS KYC Solution: Streamlining Compliance for Global Businesses – Has Accepted Offer
$1,440,000
Annual Revenue: $800,000 Net Cash Flow: $345,000

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

The company is a registered entity with a global presence, offering a ‘software as a service’ platform focused on customer onboarding and compliance management.

The business provides a B2B solution enabling organizations to effectively manage end-to-end onboarding processes for individual and corporate clients. The product is a white-labeled application designed to simplify onboarding, improving efficiency for compliance teams.

The revenue model combines annual subscription fees and usage-based charges.

Key Market Segments: The company serves a wide range of industries, including financial services, legal firms, digital platforms, and B2G, providing a robust and scalable compliance solution.

Proven Strengths:

  • Scalable compliance solution.
  • Global Reach: Supports verification and onboarding in over 90 countries and jurisdictions.
  • Trusted by leading financial institutions, including major exchanges, market makers, and banks.
  • Comprehensive end-to-end onboarding and compliance capabilities.
  • Adaptable to diverse client needs

Product Offerings

  • ID Verification and Document Authentication
  • Regulatory Screening
  • Blockchain Analytics and Crypto Wallet Screening
  • Workflow Solution

Leadership Transition: This transition presents an exciting opportunity for a new owner to unlock the company’s full potential. The sale could open synergies in two key areas:

  1. Cost Optimization: Identifying and implementing efficiencies to streamline operations and reduce expenses.
  2. Growth Acceleration: Capitalizing on market opportunities to scale the business and expand its reach.
Asia
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Proven IT Recruitment Firm – Quick Sale: Has Accepted Offer
$975,000
Annual Revenue: $1,627,266 Net Cash Flow: $287,982

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

** 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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Leading Telecom Infrastructure Company – Sold
$20,500,000
Annual Revenue: $21,000,000 Net Cash Flow: $5,000,000

This business has been sold. Please view our other Telecom Companies for sale and other Contracting Companies for sale.  Contact us if you would like to sell your telecom contracting company or fiber optic contracting company.

Highly regarded construction company providing infrastructure support construction to the datacom/telecom and electrical utility sector in Arizona and neighboring states.

With four decades of experience, the company has forged a stellar reputation with public and private utility providers through its expertise and timely on-budget project completion. Ownership is accorded “favored son” treatment in the awarding of lucrative fiberoptic and aerial electrical lines contracts that seemingly have no ceiling as consumer demand for increased speed and bandwidth continues to surge. Coupled with government mandates and funding to provide high-speed internet service to rural areas, the fiberoptic industry has ensured a bright future for many years to come.

Indeed, contracted work has resulted in year-over-year topline growth of 225% in the past year alone, with continued projected growth in 2024 and 2025 of an additional 42% and 16%, respectively. Net cash flow to owners has and will continue to mirror gross revenue growth, with year-over-year increases of 140% and 31% through 2024.

Scaling is virtually guaranteed through technological advances and public demand, as well as significant barriers to entry for new competitors. A highly trained field staff, motivated administrative team, and a full complement of young equipment and vehicles complete this legacy offering.

Phoenix, Arizona
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Online Management Consulting Firm and SaaS Platform – Sold
$3,750,000
Annual Revenue: $2,800,000 Net Cash Flow: $931,753

This business has been sold. Please view our other Tech Businesses for sale and Service Businesses for sale. Contact us if you would like to sell your consulting company.

Award-winning boutique consulting firm for sale boasting over 21 years of successful business with Fortune 1000 companies, primarily in the USA yet with global reach. This is an opportunity to acquire profitable proprietary trademarked intellectual property including a validated assessment with over 10,000 data points that are recession-proof specifically geared toward the people side of change leadership and crisis management. Ownership’s keen focus on innovation and resiliency has resulted in a resumption of pre-COVID top and bottom-line numbers.  Proprietary management technology that captures engagement data and provides ROI measurement has made the company’s offerings indispensable to many national and international clients. Other noteworthy points include:

  • Long term track record of success
  • Significant growth
  • Virtual Business can be operated from anywhere
  • Award-winning services / excellent reputation in Fortune 500 in the USA
  • Award-winning Intellectual Property (assessments, training programs, and methodology)
  • Award-winning HR technology
  • Extensive network of vetted highly experienced Executive Level Coaches/ Consultants
  • Strong pipeline of new business
  • Clients across high growth verticals (healthcare, finance, tech
  • Scalable business model
  • Poised for growth in a growth market for Human Capital Development
  • Trademarked Engagement Management Platform with excellent leadership dashboards/data management systems developed over 10 years.

An excellent turnkey complementary pre-revenue SAAS platform is included in the sale as is a transparent owner willing to assist in the post-sale transition.

Chicago Area, Illinois
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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.

Union County, New Jersey
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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.

Ingham County, Michigan
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Electronic Health Records Software Company – Sold
$3,400,000
Annual Revenue: $3,145,000 Net Cash Flow: $600,000

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

Software Company with a niche in the Electronic Medical Records (EMR) industry was sold. Their proprietary software is easy to use and learn compared to their competitors and as a result this has allowed for significant growth of the company. Over 50% of their revenue is recurring revenue that their customers pay every month or year. There are federal government subsidies for Medical Organizations to convert their medical records systems to certified EHR software for Medicare and Medicaid billing.  In addition to subsidies and potential penalties EMR software provides health care practitioners the ability to more efficiently manage their customer records and provide better customer service with a compelling return on investment. There are significant barriers to entry in developing the numerous features for their particular niche that competitors simply don’t have in their products.

Growth Opportunity: Currently they have a very small sales staff and sell all their products directly to customers. A new owner could grow the sales force and potentially establish reseller relationships.

Contact us to help you sell your technology business.

Connecticut
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