An asset management firm and software development company providing engineering consulting and software to capital intensive industries.

Key Aspects

From 2019 to 2021, revenue grew at a compound annual growth rate (CAGR) of 15.3%, excluding PPP loan income
2021 annual recurring revenue (ARR) was $1.2M
From 2019 to 2021, 100% customer retention rate
Top-selling software is patented and trademarked
Software solutions are uniquely designed to drive the work process for capital intensive organizations
Company products are currently in over 150 industrial sites, with services having been provided for over 300 facilities around the world
Universal interface permits the use of its software with any Enterprise Resource Planning (ERP) system

Opportunities

Continue to expand and target clients in the oil and gas, government, renewable energy, water treatment, and trash to steam power industries
Capitalize on the recent release of its mobile software solution
Implement a strategic marketing campaign with an appointed leadership role to capitalize on existing products and services and increase brand recognition
Increase customer base and repeat business by expanding into other markets segments
Continue to target international customers to expand the company’s footprint

Current Markets

The company currently serves capital intensive markets, such as the power plant, renewable energy production, chemical plant, and international industries as well as oil & gas refineries, the US government, and universities.

Real Estate

The company operates fully remote, only requiring two annual strategy planning sessions which are held in hotel conference facilities.

Shareholder Objectives

The company is owned by three shareholders, all of which are active in the day-to-day operations of the company. Current ownership is looking for a strategic buyer to assist in leveraging current products and services by implementing a strong marketing campaign with reliable leadership. The shareholders are open to different deal structures.

Benchmark International

Software Solutions and Consulting Firm with Recurring Revenue – BN000035700