Software developer of web-based and mobile applications with an IP Library
USA
Business Sector: IT Sector
Turnover: >1m
Gross Profit:>1m
The Opportunity
• Extensive and powerful IP library of in-house software components spanning a wide range of well tested, proven technologies supported on ‘Ruby On Rails’ programming.
• The Company demonstrates a consistently strong financial performance, both in terms of GM and adjusted EBIT(DA), being 64% and 16% respectively over the last 3 years.
• Forecasts for year end 2010 see this trend continuing, with EBIT(DA) close to 20%.
• The Company has already achieved 70% of 2010 sales targets before the end of first 6 months.
• Present levels of revenue and margins achieved ONLY by ‘word of mouth’, referrals, ‘blogosphere’ activity or ‘in-bound’ enquiries. Dramatic business growth will be achieved through leveraging focused marketing activity.
• Consistently stable revenue streams achieved on the back of innovative pricing structure for the industry, with service contracts operating for 12-18 months.
• Excellent worldwide reputation, and outstanding customer references provides for confident future projections. Indeed, within their market segment our Client serves many world renowned customers and works on the largest projects of this type.
• Strong product performance, speed to market, cutting edge technology and value for money; ensures long term customer relationships, a secure platform to win repeat business via additional contracts.
• Major benefits noted by customers resulting from their creative approach to project management includes, faster development times (up to 2x), project transparency, scalability, lower overall costs, also simplifying maintenance and future upgrades.
• Immediate access to a world-class ‘agile’ development practice, home to some of the most talented, commercially aware, and experienced software developers in the world with experts in all relevant languages, including dynamic languages like Ruby, JRuby, Python, as well as strongly typed languages like C and Java.
• Immediate access to an in-depth expertise in cloud computing.
Business Overview
Our Client is a major software development consultancy, supporting their customers with the building cutting-edge web and mobile (inc iPhone) applications, offering, efficient and effective solutions. Benefiting from an innovative service delivery platform including a highly skilled ‘Ruby on Rails’ and ‘agile’ development practice, and a powerful foundational software library; allowing development time to be dramatically reduced, providing Clients robust products which are well tested, giving faster access to market.
The company offers consultancy in response to existing and newly developing opportunities in mobile, Facebook, social networking and banking applications on every major platform, including iPhone, iPad, Android and Blackberry. Our client has in-depth expertise and consultancy in cloud computing.
The Company has incubated a number of successful companies based on its internal developments, and continues to possess the ability to deliver similar success. One development was acquired by a major online retailer, another was recently VC funded for $18.5m in total at a significant valuation, and one other successfully signed a multi-year, multi-million dollar contract with a major insurance company in its first full year of operation.
Customers and Markets
• Any web-based / mobile customer wishing to achieve fast software development ensuring they gain the competitive market advantage.
• Customers range between globally known businesses possessing significant web presence (Fortune 500 companies), to start-up business / venture-backed entrepreneurs.
• Sales presently achieved throughout North America, Europe and Far East, all markets presently under developed, awaiting exploitation through a dynamic Sales campaign.
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