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Businesses For Sale   >>   Technology - Internet Related Businesses For Sale Categories   >>   

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Leading Web, Mobile / Tablet IT Software Company

Location  India
Asking Price Range  $500K - $1.0M
Gross Revenues  $500000
Net Profit / Cash Flow  $500000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  35 - 49
Relocatable  Not Disclosed
Number of Employees  35 - 49
Real Estate  Leased
Description  Leading web development, mobile development, tablet solutions development, software development, web design and internet marketing company. Established in 2004 by 2 founders (and 1 employee with an investment of USD 5000/- in a 200 sq ft office - has since served more than 100 clients in more than 25 countries worldwide Currently approx. 15 ongoing agile / work on hire contracts - with clients regularly making monthly payments. Sales turnover of USD $500K in FY 10-11, and growth rate of 30% year on year since beginning Current 40 employees, which includes the development team (project managers, team leaders, senior software engineers in different technology verticals/ service lines, testers, designers), business development, HR/accounts/ support staff More than 15 web properties which generate leads / requirements for services - resulting in more than 3 - 4 leads daily (on average) 4500 sq ft offshore development center based in Mumbai (Bombay), India - High end interior and infrastructure includes very impressive interiors with international look and feel Blue chip clients/ contracts include eBay.com, yahoo.com & Mahindra/ Tata groups Strong company financials with zero debt and zero external investments (besides the initial USD $5,000/- investment) Strong client relationships / references / testimonials built over the years in the US, UK, Europe, Australia and India Technology portfolio includes AJAX, Microsoft .NET, PHP, Perl, LAMP, Flash, Flex, CSS for the web. It includes iPhone/ iPad, Android/ Honeycomb, BlackBerry, Windows Mobile, Palm, Symbian for mobiles/ tablets. It also includes ready solutions implementation such as OS Commerce, Moodle, SugarCRM, Joomla, Drupal and DNN.
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