Home » Businesses For Sale » Software Companies » California » Listing BFS-170258

Software Development & Consulting Firm/Travel Ind

Our firm currently represents a well-respected software development and technology consulting firm focusing on a suite of specialized software and consulting services primarily for the travel industry. Revenues from 2008 were split between the two business units with 65% for Travel Services/Products and 35% for Global Services. Following are the company highlights: A well-established and innovative provider of turnkey software products and services. A proven travel technology product asset based on many years of product development and successfully deployed at several customer locations. Software generates recurring revenue on a per transaction basis. Total revenue for 2009 is projected to increase over 27% to $2.38 million. Company’s travel customers include some of the leading tour operators, travel agencies and travel suppliers. Global Services division works with leading healthcare and hospitality clients. The company has developed strategic partnerships with industry-leading technology & content partners. Management has over the years successfully nurtured strong customer relationships which contribute to a high retention rate. While the large majority of business comes from customers located in the U.S., the company is expanding its geographic presence with clients in Europe and the Middle East. The international marketplace remains mainly untapped, especially the Asian-Pacific region, representing an exciting avenue for growth. Headquartered in California, the shareholders operate from an executive suite, while the balance of the employee base operates from a state-of-the-art 4,000 sq feet offshore development center in Bangalore, India.