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Leading Edge Web-Based PPM Solution

The company has developed a state-of-the-art web-based software system that enables organizations to manage complex business projects end-to-end. The user-friendly interface and highly configurable architecture is well-suited for business users managing projects (as opposed to technical users managing highly technical projects). This system can be employed by any target market (mid-sized to large firms) for any business project. The technology has all the main pillars of project and portfolio management (PPM) solutions and is fully competitive with leading PPM tools already on the market. It is uniquely superior in some specific applications. The solution has been used by customers, with glowing feedback, to manage large projects including legal cases, corporate restructuring, Greenfield projects, M&A, IPO, government projects and more. The company has completed development of its software system, demonstrated customer acceptance through sales to industry-leading companies, and established strategic alliances with others. It has now transitioned into a software solutions sales and marketing business and is well-poised to execute its go-to-market strategy targeting Global 2000 companies and middle-market companies across all verticals. Rather than raise the additional funds to build a sales and marketing capability to compete with market leaders, the owners have decided to seek a buyer with an already established distribution channel in this space. Based on its sales to date, management believes this technology can realistically generate revenues in the range of $5 million in the next twelve months and up to $15 million in the following year. The potential could be much greater with a strategic buyer that has a well defined distribution model and specific business applications in mind. Additionally, because most sales (licenses) represent recurring revenue each year, the growth trajectory should continue thereafter.