Software Company for Sale in Bangalore, India
- 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.
Product development, consulting and maintenance.
1 week, 6 days agoCorporate Strategy - Executive, IT, Coimbatore, Corporate Investor / Buyer accepted business proposal
Earlier than 15 daysDirector, IT, Hyderabad, Corporate Investor / Buyer connected with this business
Earlier than 15 daysCEO, ERP & IT, Hyderabad, Corporate Investor / Buyer accepted business proposal