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Outsourced Software Development Division of Co.

South East

Outsourced Software Development Division of Co.
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,250,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Outsourced Software Development Division of Co.

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Business Description

The owner of a Southeast-based software company is selling their “outsourced software development” division. This division provides custom outsourced software solutions and consulting for companies in several industries. The Company does not replace their customers’ in-house software department team, rather they are tasked with the “large scale software development projects” which might include enterprise system updates, creation of custom software, mobile applications or dashboard ERP integrations.

The Company is a Microsoft Silver Solutions vendor and their employees write code in multiple languages. The division consists of ±10 developers with an average hourly billable rate of $165 and ±15 regular customers, many of whom have been long standing customers, generating ±$2-2.5MM in annual revenue.

The seller is developing a proprietary software product and no longer has the capacity to oversee and drive the outsourced software development division.

An existing Microsoft software development enterprise would benefit from the addition of this division with a solid base of billable developers and quality, long-standing customers.

Detailed Information

Employees:
10
Facilities:
The owner will retain the facilities for his remaining division that he will continue to build.
Support & Training:
The seller will support a short transition period.
Reason for Selling:
Focus on other product division of the company.
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Matt Bradbury

Business Listed By:
Ginger Dean

Business Acquisition & Merger Associates

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