Overview
The Company is an independent software vendor (ISV) that develops contact and calendar synchronization software. The Company’s software applications synchronize personal and business data between PC workstations and handheld devices such as smartphones and tablets. The Company sells its products from its website and online stores and creates OEM products that other companies sell or include with their own software products. The software synchronizes data for a range of software applications and mobile devices. The app supports a number of PC and web-based personal information managers (PIMs) including: Microsoft Outlook, Google Calendar, Act!, Salesforce, Lotus Notes, SalesJunction. The Company e-retails its software and generates approximately 100,000 new transactions per year. Management estimates that 50% of previous customers will buy again within five years and that annual repeat business is 25%.
Company Highlights
- Strong sales growth (43.9% compounded annually) and increasing profitability
- Excellent brand awareness for its copyrighted data synchronization software
- 100,000+ customers annually
- Global reach- Growing database of international users in addition to customers in North America
- Experienced management and staff available to remain with new ownership
Client #55260
2010 Revenue: $2,782,000
2010 EBIDA: $381,000