A well-established Enterprise Mobile Device Management (MDM) software company based in the European Union, with over 10 years of operation and low customer churn, is available for acquisition at a gross value of approximately $2.075 million. The company holds around $800,000 in cash, predominantly as unearned revenue from prepaid client contracts. Its client base includes over 1,100 organizations across sectors such as education, banking, and energy. ProMDM's main revenue driver is software license sales, composing about 70% of its income, with significant sales through a cloud-based service. Its largest client is a national academic network, responsible for 72-75% of total sales in recent years.
The company's software portfolio includes mature products like ProMDM and CertHat, as well as ProMDM Authenticator, focusing on MDM, IT security, and management solutions. ProMDM's versatile deployment options cater to various customer needs, from on-premise to cloud solutions. Financially, the company saw an increase in revenues from €122,243 in 2018 to €809,418 in 2022, with significant profitability.
Operations are handled by a team of 12, including four owners with flexibility to remain post-sale. The business operates with minimal marketing, relying heavily on organic sales and referrals. Strategic partnerships with tech giants like Apple and Microsoft provide a competitive edge. For a new owner, opportunities for growth lie in international market expansion and enhancing partnership networks. Ideal buyers include IT-focused firms or private equity funds with sales capabilities and partner networks to leverage the company's established product offerings in the global market. The current owners see this as an optimal time for transition to facilitate international expansion.
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