Industry: Technology

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B2B Software Development Firm – Sold
$700,000
Annual Revenue: $781,090 Net Cash Flow: $267,837

This business has been sold. Please contact us to sell your software company in New Mexico or anywhere else in the US. If you are interested in buying a software company please view our tech companies for sale.

100% Remote workforce. The business is exclusively B2B. The customers are companies who are developing custom software as a key component of their businesses and lack the technical ability or budget to hire an entire development team. The company works off a fixed fee and project-based billing. They offer a full spectrum of design and technology services, including full-stack web application development., UI / UX design, data science, and cloud deployment solutions. Helping to bring big ideas to life. Building amazing software using a collaborative process.

Bernalillo County, New Mexico
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ERP Software Company – Sold
$1,100,000
Annual Revenue: $1,361,884 Net Cash Flow: $246,059

This company has been sold, see our other software companies for sale. They are a software provider and IT consulting services in business since the mid-1970s for the manufacturing industry. They have around 30 clients that they serve. This Company has Intellectual Property for ERP software in their niche market. This software product provides a lot of flexibility/customization in terms of implementation to meet the diverse needs of the industry. The company implements this offering to the manufacturers’ industry in the MTO, ETO, CTO, and Mixed-mode industries. They are the sole developer, Implementer, and support team of its product which is currently offered as an “on-premise” business software solution. Plans are underway to move it to the cloud with Oracle.

The system enables the development of monitored workbenches to give a manufacturing process the visibility and control of Shop floor, orders, Time and attendance, job status, and most importantly the provision of accounting and reporting data. The software package utilizes Oracle’s database, forms, and reports designed and owned by the company. The company covers areas in Client/Server implementation, Java technologies, Microsoft services, web development, Office integration, and other support services. These services are designed to ensure implementation of the ERP software works in a seamless environment that bolsters productivity in a personalized manner.

The Implementation of ERP cloud will develop a platform for new users with this requirement. The company has not implemented advanced/ substantial marketing efforts to sell the company’s products and services. A more product-oriented marketing approach can boost sales.

Support & Training: Full training provided

Reason for Selling: Retirement

Contact us to sell your software business in Ohio and throughout the country.

Cleveland Area, Ohio
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Established Software Company – Sold
$995,000
Annual Revenue: $974,000 Net Cash Flow: $333,000

This company has been sold, see our other software companies for sale. Long Established software company provides file transfer software, including Secure FTP, that secures the exchange of files between a company’s business and its customers, business partners, as well as provide file distribution services for web-based applications.

The company has been creating and selling data communications software since the 1980s. The company’s products are used primarily by Fortune 1000 companies primarily in banking, healthcare, government, insurance and manufacturing. Data communications gateway software is the company’s primary business.

The company’s main product, called the Secure Network Gateway, consists of an overall, controlling automation program, a group of job processing services, including a scheduler and alert mechanisms, several secure IP  products covering SSH, SSL and HTTPS, some directory management services and several file-processing applications.

Their typical customer is a Fortune 1000 company. The banking and financial services market makes majority of their customers, their products have proven successful for banking, healthcare, insurance, manufacturing, and government. Their current client roster is 39 for 2017. These are long-standing elite accounts, some go back to 1990s and clients rarely leave unless they merge with other companies that may have a different vendor. Their largest current client provides only 6% of revenue, so the sales are not concentrated. Most of their clients are in the Eastern US, but they do have some in Hawaii, Wisconsin, Kansas, Kentucky, Michigan, California and Manitoba, Canada. 80% of clients pre-pay in advance annually, 20% are billed and collected on a monthly basis.

The current staff consists of 4 FT employees, 2 are admins 1 is a CFO and 1 is Payroll/Benefits coordinator. The other 2 remaining people are software support in which one wants to retire and the other could be retained post-transition. All employees are willing to stay on through the transition.

Contact us to sell your software business.

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Digitization Tech Company – Sold
$875,000
Annual Revenue: $1,091,016 Net Cash Flow: $412,018

The company has been sold, see our other technology businesses for sale. A leader in the digitization realm. They have been in business for over 10 years with a 100% customer satisfaction rate. They are experts at converting all media formats and have the ability to convert photo, film, video, and audio formats and deliver it on Hard Disk or the Cloud. The majority of competitors can’t handle the same number of formats and types of standards that they can handle. For video, they can convert the majority of media made in the last 40 years and have the ability to convert high-definition tapes to high definition digital formats when others can’t. They can also handle long running and difficult tapes. Their multimedia, multi format and multi standard make them a different company and have the ability to handle the majority of requests without question.

By applying consistent policies across their production, service, and output standards, they achieve the margins that they seek.

Everything is centralized in QuickBooks; hence due diligence will be quick and easy.

They have established clients all over the map. The majority of the work is in the NY area but they do get orders outside of the NY area. They are a one-stop shop for digitalization of all types of formats, along with that they also do hard drive recovery and computer repairs.

Even experts in the industry who own their own digital equipment give them work because of the quality and the service that the company provides.

Over $200,000 worth of equipment is included. The company is well staffed by trained professionals and if need be can run by itself.

  • Employees: 13
  • Facilities: The company currently operates out of a 1900 sq. feet commercial office space, with a monthly lease of $5680/month (which includes 2 parking spaces) The lease ends in 2018 and current owner is negotiating a new lease. A new owner can also get another lease for another 10 years. If the operations were to be moved to another location there could be reduction in lease. The business is in a good location where a customer can walk in and drop the order and pick it up.
  • Competition: There isn’t a lot of competition because of the service, quality and expertise that they provide.
  • Growth & Expansion: Develop the company app (subscription based) and aggressively bis the high-volume jobs
  • Financing: $487,500 down and rest in owner financing available
  • Support & Training: Transition time of 2 months is offered because the seller wants the business to be successful and can be a consultant working offsite.
  • Reason for Selling: The owner wants to return to Canada.

Contact us to help you sell your technology business in New York or any other state.