Internet - Software | Services - Computer & Software

Asking Price	Not Disclosed	Inventory
Gross Income	$2,200,000	Real Estate
Cash Flow	$1,201,000	Year Established	1990
FF&E	N/A	Employees	11

* included in the asking price

** not included in the asking price

The Company develops and sells business management software to independent property and casualty insurance agencies across the US. This software application comprises 100% of its total sales. Additionally, the Company provides ongoing technical support and training. The Company maintains long-term client relationships, and has a total customer base of 706 active accounts, of which 100% are recurring. In 2008, 95% of total revenue was from repeat business. The Company serves primarily small- to mid-sized agencies involved in the property and casualty insurance market. Clients are spread throughout the US, with the highest concentrations in Texas (16.0% of total 2008 revenue), Georgia (15.5%), and Florida and Louisiana (both at 11.0%). Strong historical sales growth: Historical sales grew consistently year over year from $1.5 million in 2006 to $2.1 million in 2008, representing a CAGR of 17% Highly profitable positioned business: The Company is able to capitalize on its low-cost operating structure, coupled with a firm standing as a preferred technology provider to the property and casualty insurance market. As a percentage of sales in 2008, EBITDA was 46.8%, and is expected to trend higher throughout the pro forma period Diverse customer base: Even though the Company targets a single industry segment, there is no concentration among its customer base. Their largest client comprised only 2% of 2008 revenue. Furthermore, the Company s target client base is middle-tier agencies versus small-sized agencies which, will further diversify its client portfolio Attractive market demographics : Automation/tracking, CRM, and supply chain software applications are in strong demand. While earlier software products were useful mainly in finance departments, new products are being used in sales and operations