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Accounting software company in India for sale
Accounting software company for sale
- Size: medium
- Revenue: < 10M EUR
- EBITDA: 60%
- Employees: 150
- Valuation: >70M Eur
- Location of the Accounting software company: India
- Reason for sale: The owners are looking for a strategic investor to help the company to grow to the next level
- #CFIE ITS158
Overview of the Accounting software company in India for sale
The owners of an Accounting software company in India are looking for a strategic investor that has the financial and organizational capabilities to buy a stake in the company and to work to strengthen the company further. It will not be running an auction process, but the new strategic partner would be selected based on his ability to add value. The company needs more funding and a strong partner in order to support the growth and to exploit the market potential. Total employee strength is composed of 150 professionals from which 20 are in software development, 60 in sales and business development, 20 in accounts/administration and 50 of them are in customer support.
Profile (strategy) of the Accounting software company in India for sale
The company is a key player in the Indian market, with its more than 20 years of activity is a strong national competitor in the field of accounting software development. Its products are addressed to Micro, Small & Medium Enterprises helping these companies to manage their accounting processes. Due to its competitive solutions, the company has succeeded to be present in more than 15 countries in the region, the sales being done through a partnering network made of 400 partners in India and 40 in overseas markets. Another reseller network made of more than 2000 resellers ensures the products are efficiently sold. The company has a very high potential to grow, the market is offering very good opportunities, since the digitization move, companies are forcing to change and to accept computerization and use of software in their accountancy.
As a key application, the company provides complete business management solutions that are especially useful for business operations management, fully integrated in backend accounting. The tech platforms that are used are as follows: for Backend – MS access/MS SQL; for Frontend – Visual Basic and .NET.
The products delivered are in 3 packages: basic, standard and enterprise. The basic package covers invoicing, accounting, basic inventory and statutory reports. It is addressed to small businesses such as shopkeepers, entities that have the main requirements for primarily invoicing, book keeping and compliance. The standard model is addressed to medium companies, it includes all the features of the basic edition and adds many others such as multi-currency accounting, items barcode printing, cost centre management and various configurable reports. The enterprise package is designed to meet the needs of large companies, organizations that have many branches in many locations and a lot of users. It includes all the features of the standard edition and adds others such as payroll management, data synchronization between head office and branches, multi branch/location management, user alerts for exception handling, etc. The basic edition is available only in a single-user variant, while standard and enterprise packages both of them allow 3 variants: single-user, multi-user and client-server (use and share data in LAN/WAN environment).
Activities and services of the Accounting software company in India for sale
The company delivers accounting software solutions that help the clients in the following operations:
- Financial Accounting
- Inventory Management
- User-configurable Documents / Letters /Reports
- VAT / Service Tax
- TDS & TCS
- MIS Reports & Analysis
- Training & Implementation
- Data and Password Recovery
- Security Device Replacement
Highlights of the Accounting software company in India for sale
- The company delivers accounting software solutions
- The team has an extensive experience on the market
- The company has very high potential for growing
- The owners are looking for a strategic investor to bring the business to the next level
Information about this Accounting software company in India
Please do get in touch if you are interested in finding more about this Accounting software company in India for sale. If this Accounting software company for sale in India does not fit your requirements feel free to ask for other ITS companies for sale
. If you are interested in buyers of IT and software companies, please visit the section ITS companies wanted.
Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.