DealStream Logo


May 1, 2020The company serves the financial services sector. More specific, the company is a developer of software implementation solutions that facilitate financial institutions, their corporate customers and their technology vendors to efficiently support check image cash letter (ICL) technology at the enterprise level.

Key aspects
• Established source of recurring revenue through annual maintenance programs
•Qualified personnel with deep knowledge of the check image exchange process
• Strong domestic and international presence with global financial players
• Established long-term relationships with leaders in the financial industry in both the United States and Canada
• Successful internet marketing strategy available for customers with competitive pricing
• Competent and ethical personnel with memberships in the X9 & ECCHO standards committees and associations

•Further research on how check ICL files can be used in the process of remote deposit, remittance processing, fraud detection, and others
•Offer of a periodic upgrade to the current ICL processing software
•Addition of more customers which translates to recurring revenue opportunities
•Change pricing model from one-time software license purchase to an annual license fee & automatic renewal that includes maintenance
•Leverage the company's large customer base and promote the platform solution to augment item processing in an efficient and cost effective way
•Marketing of new mobile deposit capture software

•Houston, Texas

Current markets
•The company serves key customers in the financial sector, primarily the banking industry seeking to improve internal processes. The company serves the United States and other international markets.

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.

Learn More About This Listing

Sign up for a free basic membership to start buying and selling. Learn about our membership plans.

By clicking "Join Now - It's Free" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

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