Seasoned SaaS project management platform

DuPage County, IL (Relocatable)

Seller Financing Available
Seasoned SaaS project management platform

Asking Price:$100,000

Cash Flow:N/A

Gross Revenue:$30,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2004

Seasoned SaaS project management platform

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Business Description

This is a very robust and unique business to business SaaS software platform with a great client base. Large fortune 500 clients. The platform was developed as one of the first SaaS platforms in the category, project portfolio management. Current ownership acquired the platform during the downturn but have not been able to give it the necessary attention it deserves. This is a great opportunity for a technology entrepreneur looking to not start from scratch or a sales and tech co-founder team looking for a great project. Current ownership will consider all options including partnering with new investors/owners as well as a complete sale.

Detailed Information

Employees:
1 PTE
Facilities:
This is SaaS based business software platform. There are very few physical assets required to operate and grow this business. The company is a small product line within a larger technology company that is somewhat orphaned and unattended to. Ownership has decided to explore options for new leadership, partnership, sale or co-entrepreneurship. This has been essentially an orphaned product line in a larger organization.
Competition:
There are both well funded SaaS and traditional software competitors but the market is significant and growing. A dedicated entrepreneur would have an immediate impact as current parent company is not focused on this business unit.
Growth & Expansion:
There is little marketing being done and very little regular attention to the product. Current ownership/parent company would be willing to partner with the right leader/entrepreneur or group to co-develop or management but requires knowledgeable leadership. Open to ideas but also certainly open to a straight sale.
Financing:
Open to consideration
Support & Training:
The parent company will provide reasonable ongoing support, training and transition and can even be a partner or resource for future growth and development. This business unit and product line requires an entrepreneurial leader and is not getting the attention it deserves from its parent company and their core businesses. The new owner will need to invest time and money to grow the business.
Reason for Selling:
Smaller piece of overall business for parent co. Requires dedicated leadership.
Business Website:
http://www.3pworks.com

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Jay Sebben

Business Listed By:
Jay Sebben

Fultonbridge.com

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