Software Development and BPO Services Company

Business Description

For sale is a 16-year-old leading agile software development company that provides consultants and augmented staff to companies, specializing in producing high-quality code quickly and cost-effectively and delivering first-class applications that exceed expectations.

Currently IT services represent 80-90% of their revenue and BPO services make up the remaining 10-20%. On the IT services side, 70-80% of revenue comes from staff augmentation (i.e. monthly agreements which equate to recurring revenue). They have clients across many industries, including Viacom, PlutoTV, Capstone, PrimeCare Technologies, Cubex, and Salt and Snow and most have been with them 5+ years (which contributes to very little customer churn over their history). The business hit a slight bump in 2020 due to the pandemic and the fact that many of their BPO customers were in the restaurant/hospitality industry, but they have since switched focus and are now working more with technology and Ecommerce businesses.

The business is incorporated in Nevada but includes two Serbia-based entities with department GMs that employ the Serbian IT and BPO (Business Process Outsourcing) staff. They also have contractors around the world that are paid via the U.S. company. All employees speak and write fluent English and there’s a full-time English professor on staff who continually educates the individuals on a 1-to-1 basis with emphasis on growing skills and knowledge for their specific roles.

The entire workforce is remote and the three owners spend less than 20 hours a week combined leading the company. A buyer would have multiple options to either run the business as a profitable semi-passive investment or step in fully to quickly scale and grow operations.

Financial Overview

Asking Price: $4,000,000

Revenue: $3,052,329

Income: $900,869

Multiple: 4.44x

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