IT Software Testing company for sale
REQUIREMENT:
THE COMPANY'S is seeking sale of 100% of a Portuguese Company and the rights and intellectual property of Software Test Designer, or purchase 75/% of the shares through its ownership structure, in order of market entry.
Skills Sought: Finance, Marketing, Strategic Development Sales.
WHAT THE COMPANY'S DOES?
The company's core products is a new tool for designing software tests, an synchronizing testing activities with the existing changes mapping at the same time the development changes. These telemetry products introduce operating efficiencies, reduce energy requirements and reduce the requirement of on-site human intervention within the working environments in which they operate. The Company is composed of 3 modules: TCG-Test Case Generator, TDG-Test Data Generator and TSG-Test Script Generator
PRESENT POSITION;
The company's has been successfully trading for over 3 years, having grossed over €1,000,000 in sales over that time. To date the company has invested more than €400K in the process of building the business and has successfully developed products and validated markets for its solutions. The Company is now ready to bring its products to market in volume.
The company has been funded to date by the founder and family. In order to generate working capital to supplement the R&D and market development to date, the company has provided testing design and consulting services, systems integration solutions to IT, Banks, and other companies.
SALES & MARKETING:
Successful field trials of the The company's system have shown operational savings of up to 30% as a result of using the product solution.
The Company -Automated Test Designer is a new tool for designing software tests. During many years, the software industry has been focused in producing more effective tools for software development. However, during the same period of time increase of productivity for software testing did not follow the same path. Furthermore, testing software has become a bigger and bigger challenge due to the increase complexity and platform, moving from Mainframe, to personal computer, and now web browsers and mobile phone. Also, the continuous change of requirement during the development process as made also the testing activities difficult to synchronize with the new requirements forcing in many cases the reduction in software quality in order to maintain project schedule and software delivery.
The Company was created In order to answer those problems. As a Requirement based tool, The Company allows easily synchronizing testing activities with the existing changes mapping at the same time the development changes. The Company is composed of 3 modules: TCG-Test Case Generator, TDG-Test Data Generator and TSG-Test Script Generator.
The Opportunity While continuing to evolve the proven products developed to date, The Company will focus on bringing to market its core products. Those tools allow testers to run automatically the tests after converting them to scripts (programming source code) proprietary of each testing tool. Automation tool seemed to solve the testing execution problem, however the effort due to script programming and mainly script maintenance lead often to a non usable technology)
FINANCIALS:
THE COMPANY'S had turnover of €480k in 2008.
- 413k € sales in 2008
- 369k € sales in 2007
- 301k € sales in 2006
DEAL STRUCTURE
The Company has two private shareholders, all of whom are actively involved in the management. They are open to a number of transactions, including a sale of a minority stake or a majority stake. They would be open to a transaction which includes a capital increase in the business, but only in conjunction with the sale of some existing shares.
The shareholders do considerer to continue managing the business post-transaction.
Contact Information:
Govert Derks, Managing Director
Corporate Finance in Europe
5216 BX Den Bosch, the Netherlands
Phone: +31-6-24629234 Fax: +31-84-724-9511
