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River Edge, Bergen County, New Jersey
Software Solutions Company - Reunsurance, 1984
Asking Price
$350,000
Revenue
$155,000
Down
Call/Email
Cash Flow
$110,000
Name: Rick Carlson
Phone: Show phone number
Name
Rick Carlson
Phone
Show phone number
Description
From one user to one thousand, the software can be configured to size and need. Customers' IT expenses are a fraction of competitors. In fact, this Company’s software is so easy to use and maintain that most smaller users have NO in-house IT staff. Even the largest multinational customers have only a handful of staff supporting this software.
There are now installations in Europe, Asia, Bermuda, the USA, and Canada, and offices in the US (New Jersey and Florida).
The Company’s very first customer is still using the original system as the company grew from a relatively small reinsurer to one of the largest in the US.
NDA required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: The Company operates remotely; a physical location is not essential.
Competition: Primary Competitors: Sapiens, Duck Creek. Competitive Edge: Personalized service and affordability.
Growth & Expansion: A new owner can update the User Interface to modernize the product and attract new clients. Update the website and invest in Google Ad Words and other marketing to drive traffic.
A larger company with the proper resources can fund the rewrite of software in a current technology that can be marketable to current clients as well as potential new sales. There are currently active technical support contracts. There are also requests for new work to be done which generates consulting revenue that a Buyer can fulfill.
Financing: N/A
Support & Training: The seller is open to working with the buyer as long as needed and providing training for an agreed-upon duration.
Reason for Selling: The owner is planning for succession due to aging and ensuring proper care of the client base.
Posting Information
Posting ID:
290051
Business Category:
Business Service
Business Types:
IT (Information Technology)
Computer & IT Software
IT & IT Service
Keywords:
River Edge, bergen county, new jersey, software, reinsurance, IT
Attributes:
Broker Cooperation
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Software Solutions Company - Reunsurance, 1984
Posting ID
#290051
Full Name (Required)
Email (Required)
Phone (Required)
Your NDA Request has been Sent!
Please check your email for updates — the seller will send you the NDA to review and sign before sharing any confidential details.
Agent, Broker or Seller Contact
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