Location
Contact Person
Mark Pastor
Phone
(315) 216-4739
Annual Revenue
$ 99,177
Price
$ 450,000
Cashflow
$ 99,177
Category
Internet
Year Established
2010
Employees
N/A
For sale is a unique real-time collaboration app that works across iOS and Android. The app has been hugely popular with over 8 million downloads, over 40,000 five-star reviews on the App Store, and Apple has featured the app in 35 countries.
The company has also built a technology that is enhancing the landscape of education, business, and enterprise collaboration using mobile devices.
Also included is a portfolio of other apps that have produced a combined total of over 14 million downloads and over a million dollars in total revenue.
Market Conditions & Competition
Growth Potential:
o Potential for an SDK to power the apps used in every classroom, meeting, and conference in the world.
o Education is rapidly moving to tablet based interfaces so educational purchases is a big growth area.
o Skin the app with a designer angle and market to designers (graphical, interior, engineering, etc.) for real time collaborative brainstorming and onsite changes/edits on the fly speeding up productivity and ensuring a successful and desired final product.
o White label the collaboration app for 3rd party businesses
o Expand the core portfolio and use the highly active user base to acquire more downloads of new apps
Financial Summary
N/A
Training & Support
Depending on what you are looking to do with the apps ongoing the owners can continue to advise and the development team can continue working on the apps.
Reason for Selling
The owners started working on a different project unrelated to apps and want to raise capital to focus 100% of their efforts and time on that project.