Software Developer and provider of Technical Services – New Hope, PA

Location: New Hope, PA

Industry: Online and Technology

Listing ID: 1013

The “Company” is an independent software developer and provider of technical services that is well established in the industry with sustainable products and valuable industry connections developed over the past 25 years. Their software products allow various applications to easily exchange data, are fully configurable and work in any enterprise level environment. The Company is near New Hope, Pennsylvania located on an historic property with 2400 sq ft of business and software development offices. The Company is a Microsoft Certified Partner since 2003 and an Oracle Gold Certified Partner since 2013.

The Company creates, markets and supports unique interoperable software application products that enable schools, school systems, education state departments, software suppliers and business services to rapidly implement highly scalable and reliable infrastructures. Their products can connect existing applications without the need to make changes to those applications, they can collect, quality test and consolidate data from all connected applications, and they can automate routine system maintenance and protect environments from surges. The company also provides ongoing support and consulting services. Examples of product application include patient management systems and student information systems.

The software business has taken a downturn during the pandemic due to shutdowns and slowdowns where recurring revenues have declined, and as new licensing was mostly suspended. However, the company is very well positioned due to ongoing efforts that have been in the works to finalize and secure several large-scale contracts going into 2022, including a 400-million-dollar contract to be implemented over the next 3 to 5 years. The Company has strong and established on going working relationships with governments, schools and companies in the US, Canada, Europe, Africa, and Australia to feed a pipeline into the future. Recent gross revenues are not indicative of what this company has in its pipeline nor the potential for their software products across all enterprise level industries.

The Company is 100% owned by the founder, a software engineer who has built a leading software business with compatible and sustainable products that can be used across all industries on a very large scale. He is planning for retirement and will work with a buyer to transition as needed.

• Gross Revenue: $769,000
• Annual Cash Flow:
• Price:
• FF&E:
• Down Payment: Negotiable

Listing Details

Gross Revenue: $769,000

Reason For Sale:

Seller is planning for retirement.

Training & Support:

Seller will train and support and ensure a smooth transition.

Operation

Year Established: 1995

Employees: 2 FT

Location

Monthly Rent: 3500

Square Footage: 2400

Summary

Potential Growth:

There is plenty of room for potential growth and expansion. A software engineer who has built a leading software business with compatible and sustainable products that can be used across all industries on a very large scale.