Cloud-Based Video Royalty Software in [City, State]
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Asking Price
$1,970,000
Detailed Information
Business Description
This company, founded by a telecommunications and media expert over two decades ago, offers a cloud-based software solution for calculating video content royalties with precision. This easy-to-use software is versatile, applicable to various royalty calculations beyond just video, and helps media companies move away from error-prone manual methods. With a stellar client retention rate exceeding 99% and a robust revenue model, the company is set for stable growth, exhibiting a high level of predictability and consistent returns. The business has established a secure foundation with diversified revenue sources, including Managed Services, Consulting, and Custom software, minimizing dependency on any single client. Its multi-year contracts with major clients ensure a steady income flow, while the lean operational structure sets the stage for scalability and increased profitability with each new client acquired. By capitalizing on the untapped market potential, which still largely relies on outdated tools, the company offers unique products with competitive pricing, customization, and swift implementation to stand out amongst competitors. At the helm of a fully remote