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Apr 1, 2020SaaS company that provides a secure, cloud-based data and document exchange solution for the mortgage banking and healthcare industries. The company ́s software allows for seamless data integration and transaction processing between trading partners such as attorneys and mortgage loan servicers in mortgage banking, and radiology, labs, and hospitals in healthcare.
Key Aspects
•Unique cloud-based application serving the mortgage banking and healthcare industries
•Suite of services focused on managing and routing transactions and integrating data to provide a streamlined system for information exchange
•Processes over 10 million data and document transactions per month
•Increased EBITDA margins from 34% in 2015 to 39% in 2019
•Issued on average $1.4M in annual dividends from 2015-2019
•Market-leading software application utilized by the majority of top law firms
•Estimated 99% annual customer retention rate
•SOC 2 Type II and HIPAA compliant
•Focus on the healthcare industry, which offers significant opportunity for growth
•Capitalize on current pipeline of new healthcare clients and their trading partners
•The company ́s current mortgage banking clients use approximately 15% of total transaction capacity, indicating an opportunity for further growth within the mortgage banking sector
Current Markets
•The company services the mortgage banking and healthcare industries.
Real Estate
•The company operates from a 12,000 sq. ft facility leased from an unrelated third party. Management notes there is significant room to grow in the current facility.
Shareholder Objectives
•The company is owned by eight members, one of which is active in the business. The owners believe the company is in a position where new ownership could leverage its success within the mortgage banking industry and grow its platform within healthcare. The active owner is willing to remain with the company for a transition period.

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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.