Looking for a buyer.
Our client is offering software designed to manage projects in both the high level software and smaller, non-software project arenas. Our client’s software greatly enhances overall control of very high level software development projects. Their software is also designed to aid the development of general purpose projects in addition to major software development projects. Our client's software was developed as a SaaS product and utilizes the AWS platform. It follows the standard SaaS model where customer billing is based on the number of users and consumption of resources such as storage. Organizations large or small accomplish their strategic goals through initiatives. These initiatives are converted into one or more projects that address specific aspects of a strategic goal. The larger the organization the more layers there are between the strategy and the project work. Our client's software addresses the following issues: 1) Project teams lose sight of which strategic goals their work supports and therefore what value their efforts contribute to the organization. 2) Executives don’t have real-time knowledge of the status of their initiatives (usually, the only way they discover the status of their initiatives is through endless rounds of time wasteful status meetings). 3) The difficulty of tracking and monitoring interlocking tasks, projects, initiatives and goals. Our client's software provides a project platform which helps organizations better manage their work. The software accomplishes this through the concept of “flow;” i.e. connecting project work to the organization's strategic goals and initiatives. The software also provides real-time statuses on project tasks and their related initiatives on all management levels. This provides agile teams a holistic view of the product they are building. Confidentiality is a concern for the Seller as he seeks just the right buyer. Business location and name will be shared once a qualified Buyer prospect is vetted. NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners. Detailed Information Competition: There are 5 main companies nearby in this space who offer a comparable software that can be utilized to achieve the same end goal as the software, however none of them have the in depth capabilities that this software has. Growth & Expansion: Upon completion of the software this can be introduced into many companies looking for project management software. The main competitors in the project management are turning half a billion to over a billion dollars a year in revenue. Financing: Seller does not wish to finance but will consider if the price and deal structure is right. Support & Training: Provided at no charge to enable a smooth transition. Reason for Selling: Other Projects.

listing type
exclusive representation
industry
Software
location
Fair Lawn, NJ, USA
revenue
$33,495
ebitda
$10,780
proposed price
$200,000
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