Industry: Technology

Tech-Consulting-co-300x160-1
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
Learn More
security-1
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.

SaaS_License-Ad-300x166-1
Royalty Fee SaaS Company – Sold
$1,970,000
Annual Revenue: $860,724 Net Cash Flow: $434,252

This business has been sold. Please view our other SaaS and Software Companies for sale and contact us if you would like to sell your SaaS company.

Founded more than twenty years ago by a telecommunication and media veteran, the company provides a cloud-based software solution for media companies to effortlessly calculate complex video content royalties, eliminating error-prone manual methods. The software can be used for any type of royalty calculation and is not limited to video.

The company’s mission-critical software generates a client retention rate that exceeds 99%. Their high recurring revenue of 97% of the projected $861K revenue for 2023, showcases the stability of the business model with very predictable, consistent returns. The cash flow of the company as measured by its seller discretionary earnings (SDE) is estimated to be around $434k in 2023 (+15.7% increase year over year).

Notably, revenue sources remain diversified, with newer revenue streams such as Managed Services, Consulting, and Custom software accounting for more than 20% of revenue and no single client contributing more than 12% of revenue. A secure foundation is established through multi-year contracts with major clients, assuring a steady future income stream. An acquirer can capitalize on untapped potential in the expansive market, where hundreds of companies, both domestically and internationally, still rely on outdated tools. A lean and efficient operational structure, characterized by minimal overhead and a remote workforce, positions the company for high scalability and amplified profitability with each new client acquisition.

Team: Fully remote team, led by its CEO and founder, supported by a team of four employees working part-time and full-time.

Services and Clients: The comprehensive services offering which includes custom software development and software licensing, also features budgeting tools and consulting services. These generate steady recurring revenue.   Newer revenue streams include Managed Services, as companies continue to look for opportunities to streamline their operations and outsource their administrative costs.

Most client contracts are secured on a multi-year basis ranging from three (3) years upward.

Florida
Learn More
85eb2ee7-c2d9-4b8d-b730-ce014960-1
Cabling & Technology Installation Company for Sale – Sold
$1,500,000
Annual Revenue: $1,600,000 Net Cash Flow: $575,000

This business has been sold. Please contact to sell your cabling or fiber optic installation company. If you are interested in buying a business please view our businesses for sale.

The well-established growing company installs and supports all Low voltage wiring, Networks, Phone Systems, Security, Video, Audio, and much more by Licensed & Certified technicians. The company works closely with architects, general contractors, IT managers, and other key personnel from small to large companies. The company has a full-time tech in MD & PA, that supports those areas and VA & DC.

Somerset County, New Jersey
Learn More
Depositphotos_39399799_s-2019-1-1
IT Services – Networking, Security, Website Development & Compliance – Sold
$1,100,000
Annual Revenue: $1,218,000 Net Cash Flow: $304,970

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

Distinguished computer services and consulting firm is well known in their region and has received multiple awards for excellence. With a headquarters in Central New York in the Northern Appalachian Region, the company also has a presence in Florida. Founded over 30 years ago, the company has built a solid reputation while expanding its services to meet demand.

  • Computer equipment sales and service
  • Computer networking services
  • Security – risk management and compliance services
  • Server management
  • Data backup and recovery
  • 24/7 IT support services
  • Website design, hosting, maintenance, SEO

The company enjoys a loyal customer base and offers comprehensive and customized solutions to primarily small and medium-sized businesses. The company is open to the public, offering personal computing services as well.

In addition, the Company has expertise in security compliance programs. Security regulations and guidelines are required of many businesses and organizations in order to protect confidential information, and avoid data breaches and ransomware. The company offers assessments and training services to ensure procedures and policies are in place to identify and prevent security threats.

Building SF: 4,000

Employees: 6

Competition: New owners 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:

  • Companies that outsource their technology support tend to depend on a single vendor for multiple needs. The potential to offer numerous services to new and existing customers signals significant growth opportunities.
  • Expand managed services into other verticals.
  • Build the existing sales and service team.
  • The growth of emerging technologies also offers new opportunities.

As IT skill shortage intensifies in the marketplace, the demand for IT services will grow.

Support & Training: The two owners’ level of 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.

If you would like to sell your IT Services business in New York or any other area please contact us.

Central, New York
Learn More
Depositphotos_36322291_S-1-300x300-1
Software Solutions Provider – ERP, BPM, and Data Intelligence – Sold
$2,900,000
Annual Revenue: $3,280,000 Net Cash Flow: $636,000

This company has been sold. Please view our other Technology companies for sale.

This Software and It Services provider represents a unique opportunity for a buyer to acquire an open-source software solutions provider with several hundred customers worldwide. SSP offers its clients award-winning solutions in ERP, BPM, and Business Intelligence. Founded in 2008, the company currently has operations in the US, the Middle East, and India.  SSP has clients across a broad spectrum of industries and countries, including private and government organizations. In 2016, it added large clients from Saudi Arabia and Canada to a client list that already included firms in the US, Middle East, and India.

Georgia
Learn More
IT-Staffing-300x214-1
Tech Resource Staffing Company – SOLD
Annual Revenue: $786,068

This business has been sold. Please view our other Tech Companies for sale.

This company offers a diversified portfolio of services including Team Augmentation, Feature Teams, Turn-Key Projects, and Direct Recruitment. Its strength lies in the ability to provide top-tier talent at competitive rates, thanks to a robust recruitment process and a deep understanding of the Portuguese tech market.

The company has a proven track record of success, boasting a 25% profit margin on Team Augmentation services and double-digit margins on Direct Recruitment. Its customer base spans the US, UK, Germany, Switzerland, and Portugal, with a healthy mix of SMBs and enterprise clients.

Expansion opportunities are ripe, particularly in the US and Nordic markets where demand for cost-effective IT solutions is high. The company also established strategic partnerships in the US and Netherlands and is actively exploring emerging markets like Crypto and AI.

The leadership team is adaptable and resilient, capable of navigating complex client needs and delivering flexible solutions. They are committed to innovation, continuously developing new products and exploring cutting-edge technologies. With a lean, efficient operating model and a strong focus on customer satisfaction, the company is poised for significant growth and offers a compelling investment opportunity for those looking to capitalize on the burgeoning tech scene in Portugal and beyond.

Portugal, Europe
Learn More
Depositphotos_58504529_xl-2015-3
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
Learn More
GettyImages-1333702066
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
Learn More