$350,000.00
Asking Price
Address: River Edge, 07661.
Status: Active
Posting ID: 290051
1/6/25
Description
Since 1984, The Company has provided dependable and low-cost reinsurance systems. With over 60 installations worldwide, the staff has unmatched experience in conversions and installations – which boast a 100% success rate.
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.
To get more information about this Software Solutions Company - Reunsurance, 1984 business for sale in River Edge please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #290051 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Software Solutions Company - Reunsurance, 1984, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $350,000.00
Down: Call/Email
Cash Flow: $110,000.00
Revenue: $155,000.00
Area: River Edge
City: River Edge
Attributes:
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