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Nov 15, 2018 — Seller provides development, licensing, and maintenance of software packages that provide secure remote access and end-point security to anywhere from small to very large numbers of networked and IoT devices. Seller has existent, established and secure software products as well as close to launch new Cloud software that allows for secure remote access and end-point security for the maintenance and upgrade of a few to millions of networked and IoT devices. Its software is perfectly positioned to become a dominant player in the exploding IoT world. Seller has worked with numerous Fortune 500 clients and currently has contracts in the medical, wholesale distribution, and commercial device IoT markets. In the past year, even with most resources being focused on the development of the new Cloud software product, Seller’s existent maintenance and licensing contracts brought in over $400,000 in revenue. The Company’s newest Software Product, Cloud based, is designed to secure IoT devices from attack by making them virtually invisible to hackers. This Cloud software provides a “drop-in” security solution for any IoT device manufacturer. They do not need to do any development to make their products secure. They simply need to install Seller’s software agent on their device to get instant security. Seller’s software products can be licensed by the number of devices covered, which can lead not just to market dominance but explosive and ongoing recurring revenue growth. The purchaser of this company and its products can virtually overnight become a major player in the IoT space, one of the fastest growing market segments in the world today. NDA is required to review comprehensive Confidential Information Memorandum (CIM) crafted by broker.
Facilities: Portable nationwide.
Competition: Comprehensive package on file covers this, NDA is required.
Growth & Expansion: Comprehensive package on file covers this, NDA is required.
Financing: If the price and deal structure is right.
Support & Training: Two (2) weeks, ten (10) hours per week as needed. Possibility of having existing employees and developer remain for seamless transition to new ownership.
Reason for Selling: Wants someone with marketing muscle to take the software to market dominance in the exploding IoT space.
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