Project Artemis

COMPANY OVERVIEW

Project Artemis is an opportunity to acquire a growing, profitable, custom web and mobile application development firm, based in the Midwest, United States.

There has never been a better time to grow through an acquisition.

WHY CONSIDER A MERGER?

Impressive customer base with repeat revenue streams

94% of revenue comes from multi-year repeat clients
Discovery team and product managers consistently build on projects identifying new revenue streams
Several customers have maintenance contracts for perpetual revenue streams
High growth consistent year-over-year with limited marketing and sales effort. There’s a great opportunity to accelerate growth with focused activity from acquiring company.

Strong Federal and State Government Contracts and Schedule Approvals

Projects include Federal contracts with guaranteed revenue through 2024 through existing grants. All grant requirements have been met leaving no risk of non-completion of contracts. Additional Phase 3 awards for STIR and SBIR grants will be applied for with virtually no limit on potential funding.
On State of Ohio State Term Schedule, allowing Project Artemis to bid on any IT project without competitive bidding requirements. Worked with the state of OH for 18 years.
Earned security clearance with Department of Defense accounts with proper security clearance

Cutting-edge cloud application development

Projects in Med-Tech gain support of AWS development teams for R&D projects
Experts in advanced cloud functionality and deployment

Well run business with a deliberate focus on transition and succession

Entrepreneurial Operating System (EOS) (EOS/Traction) Management methodology in place
Clear focus on weekly and monthly meetings, reviewing key metrics and KPI’s with a consistent track record of performance based on these systems
Owner not needed in day-to-day operations as directors and staff sell and provide service to accounts

Profitable and Growing from Investments in Process and People

22% EBITDA average over five years
26% growth rate average over five years

TRANSACTION EXPECTATIONS

This company is seeking to be acquired by a strategic or financial investor, while the founder exits the business. The management team, lead operators and technical managers, and employees are willing to stay with the acquiring company to maintain and grow sales and operations capabilities. Cash is preferred at close, but alternative deal structures may be considered.