(Sigmund Software) We contacted a variety of potential buyers and received multiple bids, which allowed us to get the full asking price for this business opportunity. We had bids from software companies and private equity groups that were located in Canada, Europe, California, and the Washington DC area. The full price offer came from a Canadian software company that was motivated to move quickly and had financing in place.
(Momentum Software, Inc.) This company has proprietary software used in Banking, Insurance, Healthcare, government, and manufacturing to allow them to transfer files securely. The products improved workflow in Supply Chain Management, ERP, E-Commerce, Electronic Funds Transfer, and Electronic Data Interchange (EDI). With our experience in selling software companies and our extensive database of potential buyers, we were able to quickly introduce many potential buyers for the company, and a deal was negotiated and closed within a few months from the seller’s initial inquiry to us.
(Williams & Associates) This software company provided asset and facilities management software products and services to government and utilities. The seller wanted the stability and steady income of working for a larger company. Sold the business to a Mexican technology company that wanted to buy an established US business to give them a presence in the US. Seller is now heading up their US operations on a salaried basis after cashing in his equity in the company.
Specialized ERP Software Company that provides systems for small and mid-sized manufacturing companies. Their software is used for Order Management, Financial Management, Engineering, CRM, Analysis, and more. The software uses an Oracle Database and uses Oracle forms and reports. They also provide IT consulting to install and customize the program. There were other technology companies interested in acquiring this company however the best offer came from an individual that worked in IT in the corporate world. He was able to get SBA financing and have the bank pay the seller at the closing.
(Printvision, Inc.) Their technology allows their customers to reduce their costs with their suppliers. We were able to locate several potential buyers, and the best offer came from an Asian software company that was in a similar business and wanted to get a foothold in the US Market and NYC was the perfect location for them.
(Entertainment Arts Research, Inc.) We had many potential buyers, and ultimately, the best offer was from a public marketing and communications company that saw an opportunity to leverage the proprietary software of our client. They will keep the owner of the company on for a while after the sale to help them make the best use of the technology, clients, and staff of the company.
(Life Systems Software) The owner of this successful software company was ready to retire. We located many potential buyers, and the best offer came from an experienced software executive. We negotiated the terms and kept the deal on track through due diligence to close the deal.
(Action Computer Systems, Inc.) This company had a specialized niche, and we were able to locate a buyer that was a public company that wanted to enter this market. The business was sold for the full price that the seller wanted.