Data Migration Company with Fortune 500 ClientsListing: #SV00075
About this Business for sale in Greater San Francisco Bay AreaData Migration Company with Fortune 500 Clients
The company developed and markets a powerful data transformation suite of software that has been successfully used by Fortune 500 companies to analyze, map, convert, cleanse, balance, and validate data into and out of multiple platforms such as MVS, AS400, Unix and Windows.
This product has been used world-wide in hundreds of data conversions for thousands of applications over the past 40 years. Customers exist in the Banking, Insurance, Utilities, Manufacturing, Government, Healthcare and other industries. The most common use case is to access data in legacy systems, clean, validate, map and load the data into modern platforms. This typically occurs when systems are upgraded or when companies are acquired. The system is extremely flexible and executes the conversion process much faster than the other tools currently available.
The owner, who built this company with his brother, is seeking to retire after 40 years. He is of good health and willing to work with the new buyer to successfully transition the company and products into new ownership. He is also open and flexible to structure a deal that works well for all parties involved.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.