Project Maya
Project Maya represents a unique opportunity for strategic acquirers to add or expand offshore delivery capabilities in the Philippines to drive growth by integrating a profitable managed services business. Project Maya operates as an autonomous entity within the parent company, complete with independently audited financial statements, enabling a swift and efficient carve-out process.
Key investment criteria
Acquire enterprise clients with headquarters in Europe and the United States, allowing for up-sell and cross-sell opportunities. Clients are leaders in energy, laboratory, and manufacturing industries, with a spend of approximately$2.3B on IT Services.
Project Maya’s dedicated pool of 300+ billable delivery personnel are actively engaged in ongoing projects with enterprise clients reflecting the Company’s deep penetration in substantial market segments. Resources are managed directly by clients.
The company boasts a scalable operational model with the potential to enhance or introduce offshore delivery capabilities, particularly with a resource base in the Philippines, known for its cost-effectiveness and skilled workforce.
Project Maya has demonstrated sustained financial performance of $11 million in revenue and $1.3 million in EBITDA, underpinned by a loyal customer base engaged through multi-year contracts, ensuring reliable and predictable cash flows. The three largest clients have long-term contracts.
Significant opportunity to augment profit margins by transitioning the current billing structure from a cost-plus model to a project-based pricing model.
REASON FOR SELLING
This divestiture is a strategic move by the corporate parent to streamline its focus, allowing the buyer to capitalize on a well-established platform poised for innovation and expansion. Proceeds from this transaction will be used for future growth at the parent level.
KEY BUSINESS LINES
Project Maya’s delivery capabilities include:
Enterprise Application Services: Projects, maintenance, and support for technologies such as IFS, Microsoft, SAP, and ServiceNow
IT solutions: Full life-cycle application development, maintenance, tech support and testing services, as well as user and application process support and troubleshooting
IT Service Desk:Single point of contact for IT issues, including 24×7 multi-channel support, technical help desk, PC & Network support, and application support
Infrastructure Management: End-to-end infrastructure solutions from implementation to monitoring, support, maintenance, and database infrastructure management
REVENUE AND ADJUSTED EBITDA
About Revenue Rocket and the process for Project Maya
For more than two decades, Revenue Rocket has been dedicated to assisting IT service companies in both selling their business and expanding through mergers and acquisitions. As experts in the field, we understand what it takes for businesses in this rapidly evolving tech services industry to succeed. Because each company has unique needs and goals, we offer a customized program tailored to your firm’s specific requirements.
Look at our current deals to get a sense of the esteemed businesses we currently represent.
If Project Maya is of interest to your firm, here’s how the process will begin:
First, we’ll schedule an introductory call with Revenue Rocket to understand your firm and M&A goals. Following this call, we will establish a non-disclosure agreement (NDA) to ensure that sensitive information remains secure. Once the NDA is in place, we will provide you with a confidential information memorandum (CIM) with more detailed information.
After sharing the CIM and learning more, we will also introduce you to the Project Maya leadership team through an introduction meeting, putting you in touch with the team responsible for making this project a reality.
With our extensive expertise and proven track record in the IT service industry, we are confident that we can help your firm achieve its goals and reach new heights of success. Please reach out today to get started.
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