Over 300 asset managers in more than 30 countries use its software to publish fund factsheets and share updates with investors through secure portals.
Ask $1M · Profit $50K · 20.0x · Acquire.com
Nov 3
- Ask
- $1M
- Revenue
- $400K
- Profit
- $50K
- Margin
- 13%
- Multiple
- 20.0x
- Age
- 20 yrs (Dec 2005)
- Label
- Worth Studying
- Reason
- 20 years old and growing 20% a year, but it keeps too little of its revenue as profit, and 20x profit is steep.
Why it's interesting
- Founded in December 2005, based in the Czech Republic and bootstrapped throughout; the seller reports zero debt.
- Revenue is growing 20% a year with churn steady at 3-5%, on $360K of recurring licence revenue from 251-500 customers.
- The seller says API integrations make clients sticky, and new clients go live in days rather than months.
What to watch
- At 20 times profit the price rests on the seller's own argument of about 2.5x recurring revenue, justified by its history, low churn and contracts; current earnings do not support it.
- The figures don't line up: last month brought $40K of revenue and $12K of profit, a 30% margin, against $50K of profit on $400K over the last 12 months, and recurring revenue sits below that 12-month revenue.
- The customer count is given only loosely (300+ in the title, 250+ in the seller's pricing case, a 251-500 band), and no owner hours, staff roles or sales channels are given for a team listed only as 2-20 people.
Who it fits
A buyer with financial-services software experience, or a fund-reporting firm adding clients, able to manage a small Czech-based team and pay a seven-figure price.
Ask the seller
- Why did the full year earn only $50K of profit when last month alone made $12K: which costs fell or one-offs dropped out?
- How much recurring revenue is on multi-year contracts, and what share comes from the ten largest clients?
- Who handles sales and client onboarding today, and which of the team stay after a sale?
Growth plays
- Sign fund administrators as white-label resellers, since each one serves many small managers who need factsheets and investor portals.
- Add EU SFDR sustainability disclosure templates alongside factsheets for European funds that already publish through the platform.
Nov 3Added to Acumen Wire