IT Consulting and Software Development

Description:
The Company is a provider of AI-enabled information sharing & analytics software solutions and other services. The Company serves as a trusted partner to federal, state, and local government agencies with comprehensive consulting, staff augmentation, software development, and commercial off-the-shelf (COTS) product solutions that promote safer & healthier communities and help address regulatory compliance. The Company currently focuses on criminal justice and health & human services domains. However, the current products could position them as a critical player in all other domains in the public-sector technology space.

Key Aspects:
• Revenue grew at a compound annual growth rate (CAGR) of 15.9% from 2020 through 2023
• Average adjusted EBITDA margin of 14.5% from 2020 through 2023
• Significant recurring revenue: Approximately 47% of the Company’s 2023 revenue was derived from recurring-revenue contracts, according to management
• Proprietary software product offerings
• Exclusive rights to a patented consent-management system
• $12,960,860 of projected contract revenue in 2024, based on current contracts as of July 16, 2024
• The Company embeds AI-based functionality into its products and services

Opportunities:
• Expand the Company's service offerings to additional applicable industries
• Build a salesforce and distribution channels to access additional markets nationally and internationally • Capitalize on the new product and service offerings the Company launched in 2024
• Take advantage of the location of the Company's second office by offering products and services in India
• Improve the search engine optimization of the Company's website to increase online visibility

Headquartered:
• Northeast, US

Current Markets:
• The Company serves government organizations primarily in the public safety, homeland security, corrections, and social services sectors at the federal, state, and local levels throughout the United States

Real Estate:
• The Company operates from two facilities: A 2,000 sq. ft. office in the Mid-Atlantic, US and a 5,000 sq. ft. office in India
• Both facilities are leased from unrelated third parties

Shareholder Ownership:
• The Company is owned by three shareholders
• The shareholders are seeking financial diversification and lifestyle changes
• The shareholders are open to remaining with the Company for a predetermined period following a sale to ensure a smooth transition to new ownership