WebsiteClosers.com has been engaged to locate a buyer for a 17 Year Veteran and Industry Leader in the cloud-based Project Management and Customer Support Tools sectors. This B2B Software as a Service (SaaS) Company provides its platform tools to Software Companies and Business Websites all over the world, where the tools are integrated directly into each client’s product development process. The company currently has 200 active, subscribed clients, including Fortune 1000 Companies like Burger King, Honda, GE, Statestreet Bank, Yum! Brands, Wendy’s, Gulfstream Aerospace, FujiFilm, Chrysler, Mitsubishi and Avis Budget. Over 44,000 accounts have been opened by companies so far. Some of the largest companies in the world depend on this Technology Company to help them improve their workflow through the project management tools offered by the company.
The Internet business is highly automated and recognizes exceptionally high 80% net margin returns with a roughly 3% churn rate, all thanks to bedrock clients featuring an average 7-year subscription lifetime and LTV valued at $14,000 plus. This potent performer in the space has laid its foundation smartly, offering 6 discreet and universally applicable B2B products - Issue Tracking, Test Cases, Help Desk, Scheduling, Requirement Management, and File Sharing.
The products offered can be consumed by a large bucket of businesses of virtually any size, type or segment. This recurring revenue model offers a massively high ROI value proposition in the tech space that stands head & shoulders above other, garden variety technology company acquisitions.
Asking only 10 hours per week of ownership and nearly zero ad spend at its current run rate, this is a user-friendly solution to software and IT project management that is 100% cloud-based, and almost entirely self-service on the client-side, meaning literally any industry or vertical is ripe for opportunity in the modern age - where IT project management continues to grow in demand for businesses of all types, around the globe.
With 87% of the world’s top performing corporations utilizing some form of high-level project management solution for implementation of many operations, company-wide, this business occupies a segment that not only continues to see demand increase but also boasts one of the most stable revenue growth track records in the B2B world. Growth potential here is positively outstanding, offering new ownership so many avenues to choose from that the sky truly is the limit; simply moving the needle on paid advertising alone and implementing a social presence with an active sales force would turn this power play into a dominating force thanks to a well-recognized name and an absolutely impeccable client list.
This B2B SaaS Company Represented by:
Technology & Internet Business Brokers
Sale Pending: No
First Seen: Sun, Nov 12th 2017
Last Updated: Wed, May 30th 2018