For sale is a 24-year-old woman-owned technology solutions company that offers networking and data center, unified communications, managed services, cyber security, cloud and virtualization services, and customized assessments.
The company serves in Government, Financial & Banking, Insurance, Healthcare, Legal and Real Estate, and Telecommunications industries. Recently the company was awarded a GSA contract, and 95% of its revenue comes from Government contracts. Additionally, they have several other contracts, one over 10 years old.
While many IT companies lack the fundamentals of acquiring human capital, they have over 50 full-time W2 employees and 30 Corp-to-Corp contractors, all of whom the owner believes will stay after the buyer takes possession except for the owner’s husband, who will need to be replaced as a Senior Engineer. The company aims to keep employees relevant and knowledgeable in the field. Nearly one-third of the employees are Cisco Certified Professionals.
The owner is open to rolling some equity and staying on for the right partner. The buyer should have knowledge of Government contracting.