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Small Internet of Things Company Equity Stake For Sale in Mississauga, Canada

Connects the physical world to the cloud by delivering state-of-the-art data-as-a-service to solution providers.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity C Corporation
Reported Sales USD 18.3 thousand
Run Rate Sales USD 44 thousand
EBITDA Margin Nil
Industries Internet of Things
Locations  Mississauga
Local Time 10:43 PM America / Toronto
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.83 million for 50.0% stake (Native Currency: CAD 2,500,000)
Reason: We are seeking investment to purchase inventory for products and solutions for waiting customers and... View More
Includes physical assets worth USD 37 thousand
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Overview
Business Overview
- Ontario based business that has been developing cutting-edge IoT product.
- Our product will enable companies to increase their market share by gathering data from IoT-embedded computing devices.
- Our universal gateway captures real-time data and securely delivers it to your applications and solutions.
- Business has one director.
- Key markets for us are: commercial and industrial real estate.
- Revenue is generated through product sales and recurring revenue is collected for data and solution services. .
- Customers waiting for products and services.
Products & Services Overview
We deliver connectivity solutions where other technologies fail. We offer a full flood mitigation and water conservation solution to building owners and residential buildings.
Assets Overview
Our main assets are intellectual property for devices, gateways, network elements and wireless protocols.
Facilities Overview
A single story 5,800 sq-ft facility, rented, provides for manufacturing, lab, small warehouse and office space.
Capitalization Overview
By angel investors, by employees, by the majority shareholder/owner and by the parent company that spun out the technology. Tightly held.
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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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