For sale is an enterprise B2B SaaS project management software provider.
Established in 2000, the business allows its clients to timely and accurately manage software projects by offering six project management tools including issue tracking, help desk, and file sharing among others.
The software has quickly found product market fit as demonstrated by the impressive SaaS metrics. The business boasts a low revenue churn rate of c.1.5% over the trailing 12 months. In turn, this leads to an implied CLV of over $14,000. With a customer base of over 200 clients, this demonstrates the mission-critical and high value-added nature of the product.
The business services many notable enterprise clients, including Fortune 500 names such as General Electric, Yum! Brands and State Street Corp, among many others. The owner spends only a few hours a week answering customer support questions and overseeing the developer team with feature developments. The team consists of two full-time developers, a part-time developer and a part-time tester all willing to transition to work under a new owner post-sale.
The business presents a great opportunity for a buyer to acquire a well-established and proven enterprise SaaS business with a mission-critical offering.
Sale Pending: No
First Seen: Sat, Jun 24th 2017
Last Updated: Thu, Nov 2nd 2017