Description:

The company provides geographic information system (GIS) services and software for clients to manage large telecommunication networks. The company also offers a wide array of professional services.

Key Aspects:

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 22.6% and 18.0%, respectively, from 2020 through the trailing twelve months (TTM) ending March 31, 2023
Adjusted EBITDA margins have averaged 27.5% from 2020 through the TTM ending March 31, 2023
Annual software and support contracts in place with the option to renew, which generates recurring revenue
Management notes the company has had a low customer churn rate of 3% since inception
Company name, word logo, and software are trademarked

Opportunities:

Release the new web-based hosted software-as-a-service (SaaS) application to map and manage networks that cater to small to midsize companies
Expand geographically to gain market share
Capitalize on the ten customer proposals that would generate $376K in revenue, according to management

Headquartered:

Southeast, US

Current Markets:

The company mainly serves the telecommunication industry primarily in the US, with some international sales.

Real Estate:

The company operates from a 14,000 sq. ft. facility leased from an affiliated entity. The company only utilizes 7,500 sq. ft. of the facility and subleases the remaining 6,500 sq. ft. The owners are open to selling the property with the company or entering into a long-term lease. There is room to grow in the current location.

Shareholder Ownership:

The company is equally owned by four shareholders who are seeking to derisk. They are willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

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IT Asset Management Firm – BN000048812

IT Asset Management Firm – BN000048812

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