Sold - Accounting Software Development Company - Business For Sale

Business Description

This Company has developed SaaS technology for a revolutionary new XML accounting framework that excels in numerous environments. It is designed to provide real-time access to accounting and financial data over LAN, desktop or the Internet. The number of users is unlimited. The powerful XML web services Application Program Interface (API) allows the product to be seamlessly integrated with other systems, including remote systems over the internet. The Company offers unlimited and multiple profit center opportunities to new ownership: OEM Partners, VAR Partners, Direct Sales to End Users, Services (consulting, large-scale custom module development and implementation services), Accounting and Service Firm Licensing applications, etc.

This Company’s proprietary software platforms are versatile and can be easily integrated into other existing products. Demand for the product is growing, but the existing team is too small to meet the huge demand. Management therefore seeks to be acquired in order to bring their sales and service capacity to the next level.

Listing ID: 9999ZWITHDRAWN - 011110ASD

Detailed Information

Expansion Potential: Growth Opportunities: Many of the existing accounting software applications on the market today are not web-base compatible. Over the next few years demand for this company’s software will accelerate as old legacy products become obsolete.

Reasons for Sale: Fragmented ownership; 7 owners w/varying interests; one owner may catapult company to highest level

Real Estate Information

Property Type: Leasehold

Leasehold Rent: Undisclosed

Premises Details: Office space is currently adequate and rent is reasonable