This company has been growing steadily since inception enjoying YOY double digit growth over the last few years with a high net profit margin of over 60%. Its success has continued in 2018 with profits up 50% for Jan—Sept 2018 over the same period last year!
Pricing is based on current cash flow, continued growth trend and its substantial investment in technology as well as its market research, development and real world testing which has produced a substantial library of software assets valued at over $750k that have been used to provide the current services offered by the company. This acquisition is for a strategic buyer that can incorporate the infrastructure and capitalize on its technology to expand in the sales, marketing or data services industry.
Fraud cost online retailers an estimated $3.5B last year and will likely continue to increase. It is clear that for a business to continue to grow and remain profitable online, the quality and accuracy of the data they collect from their online websites must be protected from bad data, whether fraudulent in nature or simply user error. This business specializes in one thing…confirming the connect status of a phone number. Their suite of products and services is designed to manage and address the growing problem of bad contact data collected online, whether phone or email. Unlike most phone validation services that simply check phone numbers against telecom provided databases – this company developed custom telephone technology that actually silently touches the phone number to verify if the number is connected, disconnected, or busy in real-time. This real-time testing of the “connect-ability” of a phone number delivers industry leading accuracy of up to 98% vs. the industry norm of 80% or less.
After years of development, with significant investments in software development, technology and sales & marketing programs, this business is in operation and generating profits in the $7.2 Billion dollar Data Validation and Services industry. The software architecture and business structure was specifically designed with the intention of making the business easily scalable for future growth. This company’s unique library of software and technologies are primed to provide continued growth in revenue and profitability delivering on the current set of products & services offered or may be used to augment the existing services of a strategic buyer already in the sales, marketing or data services industry.