Industry: Technology

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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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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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IT Support and Services Company – Sold
$3,250,000
Annual Revenue: $1,729,311 Net Cash Flow: $860,396

This business has been sold. Please view our other IT Services Companies for sale and contact us for a confidential consultation to Sell your IT services company

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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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.

Chattanooga Area, Tennessee
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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.

St. Louis, Missouri
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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.

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.

Ohio
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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.