SaaS

listed by broker
Govtech
Founded in
2020
Desired valuation:
$ 1.9 M
Description
SaaS business whose primary customers are US Municipalities, Public Safety Agencies and Social/Human Services Agencies. We have approximately 500 customers across the 3 verticals and powers through its software: Modern Municipal Websites, Advanced digital municipal services for constituents so they can submit, procure and pay online, Precision Policing, Coordination and communication across departments, swiftly and securely, Service and Surveillance with integrity and accountability, Counterfeit Forensics for State and Federal Crime Labs The company was built through the acquisition of the technology assets of 3 companies and has reseller deal with a 4th company.
Featured metrics
$ 565 K in ARR, sub 5% churn rate, 370 clients
Selling details
Type of shares
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Reason for selling
I want to move on to another project.
Preferred acquirer
I think the business would be best suited in a roll up of other Govtech companies.
Aspirations & growth opportunities
There is a significant opportunity to build this into a $20MM a year business with the right sales and marketing approach.
Business details
Business model
SaaS subscription revenue
Customers
370 (Municipal governments, public safety and social services agencies.)
Competition
Tyler Technology
Operational details
Technology stack
Amazon S3
Marketing spend
$ 5 K (email)
Performance tracking tools
Other
Financial details
Ownership structure
100% ownership
Last month's revenue
$ 43 K
Last month's profit
$ 31 K
Financial records
Annual P&L summary reports, Online reporting software/tools
Metrics
TTM revenue
$ 631 K
TTM net profit
$ 195 K
Based in
AMER
Team members
6-10
Acquisition type
Full
Desired valuation
$ 1.9 M
Message Owner
647e4577eeeb4300020b1563
Message Broker
647e4577eeeb4300020b1563