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:
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.
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.
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.
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This business has been sold. Please view our other Tech Companies for sale and contact us if you want to sell your technology company.
Minimum of $4.7M for a 57% stake in the Company
Transaction Overview:
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]
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:
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:
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.
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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.
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:
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
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.
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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.
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.
