Software Company for Sale in Bangalore, India

High growth outsourced product development portfolio consisting of several prestigious clients and recurring maintenance revenue.
This transaction has concluded.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 210 thousand
EBITDA Margin
18 %
Industries
Locations
Local Time
3:28 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 560 thousand (Native Currency: INR 40,000,000)
Reason: We have developed a path breaking new product that allows rapid development of enterprise grade appl... View More
Includes physical assets worth USD 10 thousand
Interested to connect with advisors
Documents
Business Overview

- We are looking to sell our large company portfolio after demerging it from our product driven business.

- The portfolio consists of long term contracts with large companies for product development, maintenance and consulting.

- We plan to set up a separate entity to transfer this portfolio to the investor to take over.

- Portfolio consists of 12 large and prestigious companies with around 20 projects till date.

- The portfolio has shown a growth of 68% CAGR during FY 2016-17 till FY 2018-19.

- These long term engagements have an annual recurring support revenue stream for the past work done.

- Total revenues from this portfolio have been INR 53 lakhs in FY 2016-17, INR 1.16 Crore in FY 2017-18, INR 1.53 Crore in FY 2018-19.

- This portfolio is part of our outsourced product development services that we have been providing since 2011.

- 15 employees who are also working on the portfolio will be transferred ensuring effective knowledge transfer.

- Investors will be able to generate revenue on recurring annual support, development of new features and additional projects in the same companies.

- Another advantage the investor accrues would be leveraging the portfolio to garner external business.

Products & Services Overview

Product development, consulting and maintenance.

Facilities Overview
Recent Activity
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This transaction has concluded. Similar business opportunities on SMERGERS
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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