The target is an industry leading, 17-year leader in the Cloud-Based Project Management space boasting 200 active, subscribed clients, including top clients like Burger King, Honda, GE, Statestreet Bank, Yum! Brands, Honda, Gulfstream Aerospace, FujiFilm, Chrysler, Mitsubishi and Avis Budget. This almost completely automated self-service management platform sees 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. Consumed by literally any business of any size, type or segment, this is a recurring revenue monster that offers a massively high ROI value proposition in the tech space that stands head & shoulders above other, garden variety eCom acquisitions.
Asking only 10 hours per week of ownership and nearly zero ad spend required 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, all around the globe.
With 87% of the world’s top performing corporations utilizing some form of high-level project management product for implementation of almost anything 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.
Business Listed by:
Technology & Internet Business Brokers
Sale Pending: No
First Seen: Thu, Feb 1st 2018
Last Updated: Wed, May 30th 2018