Annual Revenue: $2,484,236
Net Cash Flow: $932,332
Location: NYC, New York
The Company is a New York City-based Tech Consultancy that specializes in providing software and systems solutions to top-tier financial institutions. Since its 2012 inception, the firm has delivered cutting-edge and innovative infrastructure to provide banks with long-term solutions for many services, product-lines, and internal system designs. The range of solutions run from delivering code for complex trading systems, to managing the migration and architecture of data in cloud-based systems. This Consultancy has remained committed to providing best-in-class service and has demonstrated its permanence by staying ahead of technological and regulatory curves with forward-looking design.
A short-list of recent services include:
-Replacing US regulatory trade reporting platforms for an equities division
-Developing front-office applications for a treasury division
-Developing dashboard systems to monitor Anti-Money Laundering data
Reason For Sale:
The owner would like to pursue other business interests.
Training & Support:
The company has 10 consultants who are all able to stay on-board should new ownership desire. The support staff consists of 3 contracted employees who provide services on a per-need basis only: An Admin who supports payroll, employee on-boardings and general clerical tasks. A CPA who supports year-end reporting An Attorney who acts as general counsel
- While the broader landscape of tech service consultancies has realized revenue growth of 13% over the last 5 years, this consultancy has dramatically outperformed the broader market. It has grown revenue by 97% and EBITDA by 340%. In addition, the team of consultants are highly technically-skilled in multiple code languages and have a critical understanding of regulations in financial services, separating this company from its competitors.
In addition to growth in client contracts, the company has been sought after to provide services outside of the US, presenting the opportunity to expand into a new country.