Leading Edge Web-Based PPM Solution
Location Maryland,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $400000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training The founder, who is the chief architect of the software and the one directly involved in most of the sales to date, is willing to remain for a reasonable transition period or stay on permanently on mutually agreeable terms.
Reason for Sale To merge the company's technology with strong sales and marketing resources.
Description This early-stage software company for sale has developed a state-of-the-art web-based software system that enables organizations to manage complex business projects end-to-end. The user-friendly interface and highly configurable architecture is well-suited for business users managing projects (as opposed to technical users managing highly technical projects). This system can be employed by any target market (mid-sized to large firms) for any business project. The solution creates a ''collaborative'' portal environment where all parties involved in a project, regardless of their geographic location, can securely share information relevant to the project (with each participant limited to the information s/he is authorized to see) and can manage the process while tracking progress. The technology has all the main pillars of project and portfolio management (PPM) solutions, such as activity management features, calendar features, document management, escalation and notification, graphical views and displays, security and more. This solution is fully competitive to PPM tools already offered by several vendors - but is uniquely superior in some specific applications. During its early stages the Company has received approximately $2.5 million in cash and in-kind investments, but has no institutional investors. The Company has completed development of its software system, demonstrated customer acceptance through sales to industry-leading companies, and established strategic alliances with others. It has now transitioned into a software solutions sales and marketing business and is well-poised to execute its go-to-market strategy. Its target markets include Global 2000 companies and middle-market companies across all verticals. With strong sales and marketing, and based on its sales to date, management believes this web-based PPM system can realistically generate revenues in the range of $5 million in the next twelve months and up to $15 million in the following year.
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