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Security Hardware and Software Firm with Recurring Revenue

This Firm has recently raised funds from a respectable source. Looking to be acquired by an entity or individual executive who can enhance it's reach. It has products that generate subscription-based recurring revenue with tremendous upside in the Health Care and Financial verticals. With 145 active clients, this technology firm manufactures as well as resells a mix of security hardware and software product solutions. A $2MM development effort resulted in a unique VPN Appliance offering.

These solutions, coupled with expert professional services, can solve multiple security problems faced by global companies and organizations. This firm is able to provide comprehensive network security solutions and information asset protection for corporations, organizations, and government agencies around the world.

As part of the acquisition, the prospective buyer will acquire the following: (a) Ownership of a VPN Appliance product (the result of $2MM Development effort) that has a strong sales record, (b) Ownership of a Secured Instant Messaging product currently in Beta, (c) Additional product capabilities under development scheduled to be released, (d) Professional Services Capabilities for a wide array of well known security products in the market, (e) Development Capabilities for Security Software & Security Hardware Product Integration (f) Capabilities for Network Design & Engineering.

PLEASE CALL VASILIS GEORGIOU AT 949-462-9543 TO REQUEST A CONFIDENTIALITY AGREEMENT.

Industry:  Technology
Industry Segment:  Software and Internet Developers
Geography:  United States > California
Asking Price:  $2,800,000
Gross Revenue:  $2,800,000
Gross Revenue Comments:  2007 revenue based on annualized Q1 2007 results
Cash Flow:  $740,000
Cash Flow Comments:  Based on annualized Q1 2007 results
Seller Financing:  Negotiable
Year Established:  2002
Number of Employees:  3 full time - 3 part time
Relocatable:  Yes
Reason For Selling:  Retirement
Facilities:  Multiple offices in US
Market Outlook/Competition:  Excellent outlook in Health Care and Financial verticals
Email:  georgiouv@crossroadsbusiness.com
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