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Apr 24, 2020The company is a provider of a dynamic suite of software capabilities that automate and improve operational processes to increase productivity and efficiency for leaders in the financial services sector, primarily commercial banks.

Key aspects
• Wide array of proven products and services specific to financial services industry
• Strong reputation as the premier provider of technology solutions for the financial industry for the past 34 years
• One of the few key providers in the industry to automate the issuance of an official or cashier´s check, process inbound or outbound domestic or foreign collection items, and centralize levy management, tracking and garnishments
• Leading, cutting-edge software already implemented by financial institutions of all sizes across North America

Opportunities
•Continue expanding the company's recurring revenue stream year-over-year
•Hire more software developers to increase the company ́s service and product offerings
•Invest in business development consultants for a more aggressive marketing strategy in order to increase sales
•Expand its geographic footprint to international markets
•Growth potential for one key product offering due to its applicability among the financial institutional sector as well as governmental sector

Current markets
•The company currently serves customers in the financial services sector, primarily the banking industry in the United States, who look to improve internal processes.

Real estate
•The company operates out of a 2,025 square-foot facility leased from an unrelated third party in Houston, Texas. According to management, there is room for expansion in the current space.

Shareholder/owner objectives
•The company is 100% owned by a single individual who acts as a silent partner. The impetus for selling is the owner´s desire for financial planning and consolidation as he nears retirement age.

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Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.