|
ACQUISITION
OPPORTUNITY S-1719
IT
Solutions Provider
In
business 15 years, the Company provides technology solutions for
commercial, government and educational clients throughout Southwest
Ohio. The Company has traditionally provided expertise in
hardware, networking, maintenance and repair. The Company is
currently growing its application development and consulting
expertise. The Company continues to transition its revenue and
profit source from hardware to services.
The
Company’s networking department is involved in Local Area Networks
(LANs), Wide Area Networks (WANs), and Thin Client Solutions using
Citrix. The Company is an authorized Novell Gold Reseller,
Microsoft Solutions Provider and Citrix Silver Partner.
The
Company’s service department provides maintenance and repair
services for numerous clients in its local market. The
service center maintains authorizations by IBM, Compaq, HP, Toshiba,
Okidata, NEC and Packard Bell.
The
Company’s government department provides hardware, network services,
program management, help desk, application development and maintenance
and repair to a variety of local and federal government customers.
The majority of tasks are performing application development.
The
Company is aggressively pursuing the development of its application
developing/consulting department. The Company has invested
heavily in the development of a web based intranet and extranet to
showcase to clients the abilities of the Company. The
application development department will focus on providing e-Business
solutions for SMB customers utilizing the Microsoft platform (NT, SQL
Server, IIS and visual studio).
The
Company is also pursuing the Application Service Provider (ASP) model
for the education vertical market. The Company has developed a
web-based interface and portal product. The solution will allow
the Company to host and manage schools’ applications and data.
The applications and data will be delivered via the internet.
REASON
FOR SELLING & PRICE:
The
company has three active shareholders. One is at retirement age,
one shareholder is considering moving to the west coast, and one
shareholder would be interested in remaining under mutually agreeable
arrangements.
The
company is offered at $2,800,000 as a stock purchase with $1,391,000
equity (includes cash of
$795,000).
FINANCIAL SUMMARY ($000):
|