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  • Award Winning Software Company for Sale specialised in Remittance Core Solution
Award Winning Software Company for Sale specialised in Remittance Core Solution

Award Winning Software Company for Sale specialised in Remittance Core Solution

  • 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 want 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 very limited competitors 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 solution 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 language *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.

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