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Details

Jun 5, 2020The company provides B2B software solutions, plugins, and custom software development to businesses nationwide. The company specializes in providing software solutions for mortgage and healthcare industries.

Key Aspects

• Highly skilled workforce with decades of experience in both software development and the mortgage industry in which it serves

• Offshore work team provides lower labor costs and competitive pricing

• Software development company looking for a sales partner to grow into new markets

• SAAS-based subscription model and three-year customer contracts offer recurring revenue streams

• High level of repeat business with management estimates of 80%

Opportunities

• Hire a business development manager to increase market share

• Focus on HR to drive company culture and discipline

• Company can grow rapidly with cash injection for advertising efforts and workforce expansion

• Investment in R&D for new artificial intelligence and machine learning products to provide in-demand solutions

• Expand to new industries with industry expertise

• Develop new plugins to further serve a variety of LOCs and other software • Leverage debt to grow the company

Headquartered

• Dallas, Texas

Current Markets

• The company provides software solutions for various industries across the United States. The company currently specializes in serving the mortgage and healthcare industries. Real Estate

• The company operates from a 2,000-square-foot facility leased from an unrelated third party. The real estate is not expected to be part of the sale.. The current lease expires in May 2022. Shareholder Objectives

• The sole owner is seeking a strategic partner to assist in marketing and growing the company. He is open to various deal structures in order to facilitate a transaction.

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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.