Industry: Technology

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IT Services Firm GSA Approved – Has Accepted Offer
$5,900,000
Annual Revenue: $3,051,527 Net Cash Flow: $1,342,409

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

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.

New Jersey
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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.

Williamson County, Texas
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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.
West - Misc States
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Cloud Automation SaaS Company, 100% Client Retention – Has Accepted Offer
$20,700,000
Annual Revenue: $8,066,299 Net Cash Flow: $3,449,975

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

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. **

Europe
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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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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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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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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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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.

Adirondack Region (Warren County), New York
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