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Details - Information last confirmed on April 30, 2021

Highly profitable IT consulting firm that continues to experience sustained growth through its recurring revenue model

IT Solutions provides a broad range of IT services to clients in the legal, insurance, hi-tech, and manufacturing logistics industries

Based in Pennsylvania (all clients are US-based)
Offshore Delivery Center (OCD) in Coimbatore, India; 110+ associates

The Company specializes in industry leading niche product implementations (Guidewire, Oracle C2M), technology transformation services, SMAC (Social, Mobile, Analytics, Cloud) stack implementation and application development & testing (Microsoft, Java, Open Source)

Recurring revenue model consisting of lights-on services, sunset app management, maintenance, enhancements, defect fixes, compliance, upgrades, and automation

Although no one could have predicted the COVID-19 crisis, the Company began positioning for an economic downturn in 2018:
-The Company transitioned clients to its Offshore Delivery Center resulting in higher profitability margins, improved execution models, increased client retention, and additional pull-through revenue

IT Solutions has the infrastructure in place to continue to expand its client base while maintaining strong profitability

The Company is forecasting 2021 revenue and adjusted EBITDA of $5.6M and $2.0M, respectively

IT Solutions is seeking a financial or strategic buyer to facilitate an acquisition

The owners are interested in remaining involved with the business post-transaction

The acquisition opportunity offers the following benefits:
-Buyer can acquire an established, growing, profitable business with capacity for continued growth
-Scalable business model
-Highly profitable and loyal customer base
-Highly trained and engaged technical workforce

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