Software Development Company For Sale

Business description

We are a Customized ERP development company based in Bangalore. Our key client is a major player in health insurance in India. Also developing a good relationship with a market leader in media business. We are ISO:9000 certified.
FY 2007 revenues was over US$ 250,000 (INR 10 million) with room for significant profit. FY 2008 is heading towards revenues of US$500,000 (INR 20 million).
The market is expected to see significant growth in coming years and there is huge potential for exponential growth, product development, new business models in product selling, etc

Property information

Real Estate:

Lease

Lease terms:

Premises 1: Lease can be extended for a maximum period of 1 year.
Premises 2: Can be renegotiated with building owner.

Location:

Premises 1: Quiet, prime residential area
Premises 2: Prime Commercial Area in Indiranagar

Other information

Expansion potential:

Good potential for adding new clients. Health insurance market in India is nascent and evolving with a rapidly changing landscape. Scope exists for converting our application into a product and introducing new revenue models.

Competition / Market:

Big companies entering this space

Support & training:

Knowledge transfer; handholding; transfer of resources;

Reasons for selling:

Lack resources and capital to expand. The business can be more easily managed by medium sized companies