Software | Time Tracking & Productivity Improvement | B2B Only | >70% Recurring Revenue
Company Description
The software company currently up for sale has been developing and marketing well-established solutions for time tracking and productivity improvement for many years. The focus is on the following well-defined niche: More than 150 car dealerships and repair shops with over 500 locations use the software to boost efficiency in their repair shop operations—a segment that is currently experiencing particular momentum due to high profitability, strong consolidation pressure, and labor shortages. At the same time, over 220 B2B customers across various industries are connected via a time-tracking solution with extensive integration capabilities.
The company generates approximately 70% of its revenue from recurring sources through maintenance and support contracts as well as SaaS models. The organization is structured independently of its owners. An experienced operations manager is responsible for controlling and software design and forms the second level of management. Sales, software development, quality assurance, maintenance, and service are fully covered.
This makes the company suitable both as an independently managed entity (through the appointment of a generalist managing director) and as an add-on acquisition for strategic investors.
Industry sector
Production