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ERP Software Company – Sold

Price: $1,100,000

Annual Revenue: $1,361,884

Net Cash Flow: $246,059

Industry: Technology

Location: Cleveland Area, Ohio

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
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