Progress Software Consulting Firm w/ Proprietary RAD Framework
2020 Revenue: $1.3M 2020 EBITDA $337K
The Company has successfully supported Progress Software products for over 2 decades. Like so many smaller IT consulting firms, they limit their geographic reach to their local market. Also like many other similar firms, they develop software tools that improve the functionality of the main product. They leverage that to a small extent by using it to win consulting engagements.
After years of product use and product enhancements, they recognize the value of their supporting software and want to monetize their intellectual property. However, they lack the sales and marketing resources to capitalize on the potential of their products, and their strong and loyal customer base.Their software has been used for several years in major client engagements. It is battle tested technology and the "technology risk" for a potential acquirer will be minimal. It offers huge benefits to customers who have significant investments in their Progress Software Systems, but need to modernize them, deliver them on the Web, and greatly enhance the user interface