• Home
  • Business
  • United Arab Emirates
  • Dubai
  • Hor Al Anz
  • IT & Online Businesses
  • IT Services
  • Award Winning Software Company for Sale specialised in Remittance Core Solutions
Award Winning Software Company for Sale specialised in Remittance Core Solutions

Award Winning Software Company for Sale specialised in Remittance Core Solutions

  • Listing ID :

    1748
  • Type :

    Buy Business
  • Business Type:

    Business
  • Business Name:

  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    Hor Al Anz
  • Asking Price:

    16,000,000 AED
  • No Of Employee:

    62
  • Year Established:

    2005
  • Annual Turnover:

    5,560,000 AED
  • Annual Net Profit:

    1,943,000 AED
  • Business Licence:

    Mainland
  • Net Assets:

    2,311,000 AED
  • Trading Hours:

    9 am - 6pm
  • Keywords:

    Software, IT, Application Development, Web-based solution
  • Real Estate:

    Leased by the Business
  • Lease Terms Description:

    One year in Dubai and Hyderabad (India), Trivandrum – 3 years lease Dubai – 50,000 AED Rent & Sponsor Fee Yearly Trivandrum (India) - 68,000 AED Rent Yearly Hyderabad (India) - 34,000 AED rent Yearly
  • Leasehold Rent:

    152,000 AED
  • Reason for Sale:

    Main partner is retiring so they are looking to sell 100% or majority stake to new owner.
  • Market fundamentals:

    Outward Remittance Solution for BANKS in Kuwait, Saudi, UAE & Oman. Inward Remittance Solution for BANKS in Sri Lanka, Egypt , Philippines & Bangladesh. Money Transfer Solution for MTOS in UK/Europe/Middle East. Outward Remittance Solutions for Exchanges in Jordan, Malaysia, Bahrain.
  • Past financial performance:

    Turnover of AED 3.9 million in 2016, 3.5 Million in 2015
  • Information on staff:

    Key staff and management will remain in the business
  • Information on transition to new owner:

    Support to be provided for 6 Months (minimum)

Business Overview

A unique opportunity to take ownership of a leading developer of banking/ remittance software application solutions for Banks/ money exchange. Established in 2005 in order to provide solutions for a niche market in Money Exchanges. The company has achieved 100% growth rate over the past few years. The team of 62 employees consists of competitive and experienced management, software consultants and IT professionals in the market. With offices in Dubai and India, servicing 60 + clients worldwide including major banks and currency exchanges. The company specialises in remittance software development and has become the first web based software remittance business with an offering in both English and Arabic. Functional experts who have two decades of domain knowledge have developed these products. The award winning company has a clear vision to develop and grow to become the leading performer in web and development based solutions. With new projects in the pipeline to collaborate with 2 major banks and 5 major exchange companies, expansion opportunities are evident. The company has consistently generated 50% Net Profit on the business and 57% of the total revenue is recurring revenue through annual subscriptions. This is a great opportunity to own a well-established niche business providing quality Web and Development Software solutions. The products developed by the company have limited competition worldwide.

Business to Business Applications E-commerce Applications Business Process Automation Enterprise Applications Integration Data Warehousing and Analysis Document Management & Imaging Web and Application Design Data Conversion Data and Application Porting Application Maintenance Application Localization Embedded Solutions

Source Code of Software.

There are few software companies who are specialised in Remittance solutions worldwide. Only company that provides web based Comprehensive Core application integrating different banks/ MTO Companies.

*Award winning company * Niche banking software* Professional experienced staff * Potential for further explosive growth* First web based software to offer multi languages *Retaining revenue through subscription model

DISCLAIMER

This Listing has been produced by a User of our Site and, in accordance with our Terms and Conditions and Marketplace Policy, we are not responsible for the content of the Listing or any information or materials referenced in the Listing. You should undertake your own due diligence in respect of the contents of the Listing and any queries should be directed directly to the Seller using the contact form set out above.

Related Businesses

Famous Online Business For SaleAED 10,000,000

Famous Online Business For Sale

Established: 2012   
Asking Price: 10,000,000 AED

Famous 5 Years Successful Running E-Commerce Business For Sale Well KnownAED 1,600,000

verified

Famous 5 Years Successful Runnin...

Established: 2013   
Asking Price: 1,600,000 AED
Annual Turnover: 4,000,000AED    
Annual Net Profit: 800,000AED

Well Established IT Services Business for SaleAED 3,000,000

verified

Well Established IT Services Bus...

Established: 2010   
Asking Price: 3,000,000 AED

Award Winning Organic Online Baby Boutique for SaleAED 500,000

Award Winning Organic Online Bab...

Established: 2014   
Asking Price: 500,000 AED

The best Online marketplace for freelancersAED 400,000

The best Online marketplace for ...

Established: 2017   
Asking Price: 400,000 AED

2-year old IT solutions LLC company for Sale with source code- Buy & RunAED 35,000

2-year old IT solutions LLC comp...

Established: 2015   
Asking Price: 35,000 AED

Unique, growing webshop for saleAED 1,900,000

Unique, growing webshop for sale

Established: 2017   
Asking Price: 1,900,000 AED
Annual Turnover: 900,000AED    
Annual Net Profit: 380,000AED

Selling online consulting business for CryptocurrencyAED 3,489,312

Selling online consulting busine...

Established: 2017   
Asking Price: 3,489,312 AED
Annual Turnover: 3,599,500AED    
Annual Net Profit: 3,415,852AED

An established Dubai based tourist website for sale, e-commerce ready for booking online ticketsAED 500,000

An established Dubai based touri...

Established: 2015   
Asking Price: 500,000 AED
Annual Turnover: 250,000AED    
Annual Net Profit: 250,000AED

Online Property Portal for SaleAED 1,000

Online Property Portal for Sale

Established: 2016   
Asking Price: 1,000 AED

Well Running Art and Crafts /Stationery / Gifts e-commerce business for immediate SaleAED 45,000

verified

Well Running Art and Crafts /Sta...

Established: 2016   
Asking Price: 45,000 AED
Annual Turnover: 200,000AED    
Annual Net Profit: 50,000AED

Very innovative software banking company for saleAED 6,000,000

verified

Very innovative software banking...

Established: 2003   
Asking Price: 6,000,000 AED
Annual Turnover: 1,700,000AED    
Annual Net Profit: 1,200,000AED

IT Trading Business for saleAED 200,000

IT Trading Business for sale

Established: 2012   
Asking Price: 200,000 AED
Annual Turnover: 800,000AED    
Annual Net Profit: 178,000AED

Profitable Cloud Communication Business for SaleAED 2,500,000

Profitable Cloud Communication B...

Established: 2012   
Asking Price: 2,500,000 AED

Profitable E-Commerce Company for Gadgets For Full SaleAED 300,000

Profitable E-Commerce Company fo...

Established: 2016   
Asking Price: 300,000 AED
Annual Turnover: 1,600,000AED    
Annual Net Profit: 450,000AED

CelMetro - IT Service Business for SaleAED 5,000,000

CelMetro - IT Service Business f...

Established: 2011   
Asking Price: 5,000,000 AED
Annual Turnover: 3,500,000AED    
Annual Net Profit: 800,000AED

Mob App For Sale AED 750,000

Mob App For Sale

Established: 2016   
Asking Price: 750,000 AED

Online Portal for SaleAED 300,000

Online Portal for Sale

Established: 2017   
Asking Price: 300,000 AED