VEX REF: VEX00847
ACTIVITIES: Cloud Based CPQ software Business
LOCATION: United Kingdom
TURNOVER: circa £750,000 p.a.
Vexus is exclusively retained to find a buyer for this CPQ software business and well established brand. Our client has developed and operates a highly-regarded ‘Enterprise Application’ that provides its clients with a powerful CPQ (Configure, Price, Quote) software solution to help streamline their clients’ core sales, customer acquisition and marketing processes. The software is used for the production of Quotes and associated Documents, and is deployed by Sales Teams, Channel Partners and in an eCommerce environment. Recent investment in the system enables the cloud based product to work on all main CRM systems, on any device, and on any main browser. The software is built around a highly capable and flexible engine. It allows the business to specialise in both simple and extremely complicated configurations. The business has a wide range of UK and Multinational clients across the service and manufacturing sectors. To accommodate its worldwide users, the software is both multi-lingual and multi-currency.
CPQ partner with Salesforce.com & Microsoft Dynamics 365
- Business Established 15+ years
- Fast growing Enterprise Application sector
- Significant business goodwill & brand value
- High levels of recurring revenue
- Long standing UK based development team
- Scalable Market Opportunity
- High levels of repeat business
- Low client churn rate
CPQ market growing at 20%+ annually
The CPQ market is developing quickly as companies replace legacy software, outdated ERP quoting and ordering apps with cloud-based CPQ solutions. Industry statistics indicate that the CPQ application suite market is currently growing at an annual rate of around 20% with the cloud based area of the market showing a growth rate in excess of 40%. This is presenting significant opportunities for new client acquisitions.
Reason for Sale
Our client has built a solid business which is highly scalable and ready for the next phase of business growth. They believe the business would benefit from becoming part of a larger organization with the expertise and resources to take the opportunity to the next level and drive business growth.
Year End September
*These figures have been rounded off for confidentiality reasons.
** Sales affected by transition to full SaaS business model.
Annual recurring revenue circa £275,000 p.a.
Ideally, we seek a trade buyer with an existing business focus in SaaS software or software services. Consideration will also be given to other buyers with strong market or client synergies looking for a scalable ’bolt-on’ business opportunity.
- Fully proven, successful business model
- 15+ years of goodwill & reputation
- Knowledgeable and Experienced staff
- Full Intellectual Property Rights
- Existing client base with very low churn rate
- Scalable Business Opportunity
This is a rare and low risk opportunity to acquire a long established CPQ Software provider. Up to 100% of the business shares are available to a suitable buyer with the resources, experience and energy to drive this business forward to the next level. The vendor is happy to facilitate a mutually agreeable handover period and
may consider remaining involved for a longer period if required.
Offers are invited for up to 100% of the shares in this business
The Next Steps
On completion of our non-disclosure agreement, qualified parties will receive further information on this business. We recommend a meeting with the vendors at the earliest opportunity to avoid disappointment.