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Outsourced Produced Development Company Seeking Loan in Colombo, Sri Lanka

Seeking-Loan: Software company with ISO 9001 certification, providing mobile and web applications, cloud-based solutions.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 200 - 300 thousand
Run Rate Sales USD 270 thousand
EBITDA Margin 20 - 30 %
Industries Enterprise Software + 1 more
Locations  Colombo
Local Time 10:19 PM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 50 thousand for 25.0% annual interest, 3 years (Native Currency: LKR 15,000,000)
Reason: We are seeking investment for the working capital requirements of our projects (such as product deve... View More
Collateral Available: USD 26 thousand
Includes physical assets worth USD 22 thousand
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Business Overview

- A software company that develops mobile applications, and websites, and provides cloud-based web solutions all over the world.

- Our clients include one of the top 10 companies in Sri Lanka also overseas clients from the UK, Ireland, and Singapore.

- We are certified with ISO 9001 quality standards awarded and certified by UKAS management systems and Bureau Veritas.

- We have our developers, develop in-house software, and take over client projects.

- Awarded by Asia awards as an outstanding software outsourcing company.

- Awarded by Asia awards as Asia's most admired IT company.

- We provide IoT solutions locally. Working on a door-to-door delivery app.

- We are registered in London too.

- 50% of our revenue comes from enterprise software and the rest comes from outsourced product development.

Products & Services Overview

• Web application development - End-to-end development and deployment of web-based platforms for your business.

• Mobile application development - Development of native and cross-platform mobile apps for Android and iOS devices.

• Enterprise applications - Development of enterprise-grade ERP and ERP extension applications.

• IoT & GPS-based systems - Development and integration of platforms with IoT and GPS-based hardware.

• Product management - Ownership of product success + product/market fit and definition of product vision and roadmap.

• Product design (UI/UX) - Extensive user research to design user interfaces and craft delightful experiences for your product.

• Agile project management - Own and manage engineering deliverables according to agile principles.

• Quality assurance - Application functionality, business process testing, and QA automation services.

• Microsoft solutions – Power BI & Microsoft 365.

Serving a wide range of clients in Sri Lanka, the UK, Ireland and Singapore.

Assets Overview

Physical assets include laptops, vehicles, office properties, and stationery.

Intangible assets include software and software source codes.

Facilities Overview

- The office is situated near Havelock House in Colombo.

- The office provides essential facilities such as WI-FI, electricity, water, and elevators.

- The total floor area of the office space is 720 square meters (720 m2).

- The monthly rent for a co-working space in this office is LKR 260k for 6 seats.

Capitalization Overview

- The company is currently sustained by client payments for the services rendered.

- There are no investors involved with the company at this time.

- 100% of the company's shares are owned by a sole shareholder.

- The company does not have any outstanding debts or loans.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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