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IT Staffing And Software Consulting
Location California,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $9948119
Net Profit / Cash Flow $1716491
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 100 - 200
Inventory 40000
Relocatable Not Disclosed
Number of Employees 100 - 200
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Other business interests.
Description IT Technologies is an information technology services company for sale, successfully implementing its strategic and cost effective business by focusing on IT staffing and delivering turnkey projects for local Global 2000 companies. IT Technologies has been aggressively expanding its offshore infrastructure to better service and increase the opportunities to their customers and partners by providing, information technology and infrastructure management outsourcing services. In addition to the U.S. office, which has 125 employees in addition to 130 contracted personnel, they have an office in India with 100 staff members.
IT Technologies provides its strategic services in a blended delivery model on fixed price, service level agreements, or time and materials basis. Project delivery is strategically distributed to onsite, offsite and offshore locations for maximum cost-effectiveness. With the addition of IT's three new Fortune 500 clients, the 2010 revenues are projected to be approximately $13,372,176 with a Seller's Discretionary Earnings (SDE) expected to be approximately $5,337,753. These projections are based on the first four months of sales for 2010.
IT Technologies' professional services allow customers to maximize the value of outsourcing technical development. With a range of skill sets, including web technologies ARP and RDBMS, and a flexible support network, IT Technologies can quickly and cost effectively supply individuals or teams to client managed projects, reduce a great amount of time and resources by screening and hiring top quality consultants. Upon receipt of a signed Confidentiality Agreement, Buyer Profile and Buyer Financial Statement, a Confidential Business Review on the business is made available. For more information, please reference BTI#7443IA when contacting Ifti Ahmed.
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