Industry: Information and Technology
Sector: Technology and Software
SIC Code: 38120500 DEFENSE SYSTEMS AND EQUIPMENT
Country of Origin: United States |
Target Areas: Worldwide
The company has developed in-house proprietary Enterprise Asset Management (EAM) software suite of products and its primary customer is US Department of Defence. It has also diversified into the commercial sector with airlines, airports, and shipping companies. Founded in 2005, the company is headquartered in Virginia and has about 250 employees. The company intends to further expand in the commercial sector and also transition from a service company to Software as a Service (SaaS) provider of advanced EAM/CMMS software products and other support ability analysis tools.
1) projected to win $100 mm contract from US Navy,
2) current backlog about $120mm,
3) Continue to expand in the commercial sector – airlines, airports, shipping etc., thus diversify further
4) transition from a service company to SaaS provider of advanced EAM/CMMS software products and other supportability analysis tools
Capital / Loan Requirements: on request
Solid company with proven track record by consistently winning US DoD since 2006, and proven niche EAM software that has large commercial applications. Strong project pipeline with potential to diversify. Also evolve from the current service model to SaaS model.
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