Enterprise Software and IT Support Business

Reference Number: HDA016


Turnover: £180k

Status: SOLD

Business overview

–      Outstanding opportunity to acquire a successful enterprise software development and support company based in the Home Counties, UK.

–      The business has achieves 67% net profit in the last year with a steady revenue over the last 3 years of which 80% is under contract.

–      The software product is well documented and so easily transferable to a new technical team.

–      Established in 1986, the business has developed an extremely loyal client base, with 30 customers all with annual support contracts, paid in advance.

–      The vast majority of current business is from the existing client base which includes household names in education, banking, commercial and local authority organisations worldwide.

–      Whilst there is scope to increase marketing activity, the business continues to attract new customers and has a good sales pipeline.

–      The business has a unique product and is currently sold at very competitive rates compared to the closest competitors.

–      This business would be of particular interest to other software development and IT support companies that are looking for a strategic acquisition to add to their portfolio.

Products and Services

–      The business offers support for installation and on-going use for two main industry-leading products

  • Enterprise job scheduling and control utility for networked UNIX, Linux and Windows server systems
  • Enterprise printer software application and print management solution for UNIX and Linux systems Hardware and software sales

Both products are open source and were developed by the business.


-        1 directors (vendor) + 3 contractors


-        The business operates from a home office.

Reason for sale:

-        The vendor is retirement age and wishes to exit the business and to relinquish responsibility to fulfil support contracts.

Financial overview

Year End: 30th September




11 months to 31Aug 13
Mgt Accts

Sales revenue





Cost of Sales




Gross Profit








Adjusted EBITDA










The adjusted EBITDA is stated after having paid the replacement cost of the vendors.

Synergy savings of £19k are possible through consolidation of the premises and other administrative costs. Based on the 2012-13 figures, this would enable the strategic buyer to achieve an EBITDA of £141k.


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