Information Technology Systems & Implementation Services *RELOCATABLE*

Salt Lake City, UT
it
Sale Pending
Cash Flow:$1,220,000
EBITDA:$1,220,000
Gross Revenue:$3,470,000
Established Year:1995
BUSINESS DESCRIPTION

FULLY RELOCATABLE, this business has no physical office and is all managed remotely.

Founded in 1995 the Company offers Business Analyst Services, Functional Design & Analysis, and Software Quality Assurance & Test Services. The company aims to achieve high ROI by investing in quality. Their mission is “To empower enterprises to deliver quality business systems using technology, standards, modeling principles, and automation to validate and verify system behavior.”

Their services and software are designed to meet customer needs from Business Analysis right on through Software Testing in an integrated fashion. Their Integrated Quality Management Studio Software models your intended system behavior and then generates test cases and automated scripts.

The Company currently serves multiple departments in the Washington State government with multiple long-term contracts each and is an approved vendor to bid for additional IT projects for any Washington State Department. Recently the company began reaching back out to the private sector in which it used to operate more prominently and is working to gain more private sector business now.

•Profitable & Stable – FY2022: Revenue: $2.8M Adj. EBITDA: $534.5K FY2023 Revenue: $3.47M Adj. EBITDA $1.22M*
•Stable Customers – Providing key services has led to continuous renewals of multi-year contracts. The team has become integrally woven into their customers IT processes making them key to their customers success.
•Scalable – With procedures and processes in place growth can be as simple as training new hires.
•Growth Opportunity – ITPS Master Agreement allows for the company to bid on RFI, RFP, and RFQQ Government requests for proposals for IT projects in multiple departments, including departments it does not currently serve.
•Approved Vendor – Government sales channels can function as new channels for an acquirer’s existing products and services.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
18
Reason for Selling
Retirement
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Andrew
Melendrez
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Andrew Melendrez