Sunday, May 9, 2021

Acquisition Opportunity

Enterprise Document Viewing and Conversion Software Company


TTM Revenue: $6.0M   Projected 2021 Revenues $7.0M

       Superior Reputation: Company has been providing document viewing and conversion software for over 25 years and have more than 300 Fortune 2000 and OEM Clients including most to US and World Banks, the majority of the top Shipping Companies, as well as the  top medical records and insurance companies both in the US and Europe.

       Great Customer Diversity: Company currently serves global clients in Banking, Insurance, Government, Healthcare, Shipping, Document Management and more. The top 7 customers comprise 23% of total revenues.

       Long Term Client Relationships: Their top 7 customers have been with them in size order: #1 25 years, #2 15 years, #3 20 years, #4 17 years, #5 15 years, #6 20 years, and #7 10 years. Their superior client support and ease of use of their solution enhances client productivity resulting in a very sticky client with dependable revenue.

       Great Opportunity to Leverage Blue Chip Client Base: Company serves a very desirable customer base of hundreds of large enterprises and large OEMs allowing great cross-sell benefit to some strategic buyers in the document repository, enterprise content management, digital asset management or other adjacent markets..

       Long-Term Skilled Employee Base: Company has several key support and engineering personnel with over 15 years of company experience. Clients value the experience and high level of enterprise support.

       Deep Engineering Strength: The Company's code base and libraries are developed and maintained in-house. Expertise in Java on Unix, Windows platforms. Integrated with all of the major document repositories and Enterprise Content Management platforms.

       Significant Growth Potential: Company's business has experienced a significant increase as we emerge from the Covid pandemic. Corporate emphasis on cloud-based infrastructure services and digital transformation solutions is accelerating. Company is expanding relationships with partners including Alfresco/Hyland Pega IBM (FileNet & ICN) and others.

Dave Kauppi is a Merger and Acquisition Advisor and President of MidMarket Capital, providing business broker and investment banking services to owners in the sale of information technology, software, and other technology based companies. Dave is also the editor of the Exit Strategist Newsletter and author of the Book Selling your Software Company - An Insider's Guide to Achieving Strategic Value