ITT1403

Online Software Solution Provider Offering Complete Grant Management Products

UK
 

Web-based software solution provider offering one of the most complete grant management products in the UK. Provides a multitenancy Software as a Service (SaaS) product where all clients are hosted on a continually updated, secure & scalable platform.

Maintaining an extensive product roadmap allows the company to primarily focus on clients with complex grant management requirements, providing solutions & associated professional services to research, foundation & government organisations.

Key Aspects:

  • Own-branded product is recognised as one of the most feature complete grant management products in the UK.
  • Only mid-tier provider to utilise a single code base across all clients.
  • Products are used by all four National Academies for Science, all of which were won in open tender.
  • 50+ organisations are currently using the company's software - paying an annual licence fee with the majority subsequently purchasing additional professional services.
  • Year-on-year growth in turnover.
  • Works with clients across the UK, Switzerland, Czech Republic & Africa.
  • Established in a number of market segments such as research, government agencies & departments, & charitable foundations.
  • Long-standing Microsoft Silver Partnership.

    Opportunities:

    • Current infrastructure has capacity for significant growth.
    • Recently invested in building a team & capacity to secure considerable business growth.
    • Prepared a detailed product development plan to implement major transformations to products & ensure continued market leadership.
    • On target to secure five new grant management contracts in 2018, specifically targeting larger enterprise contracts.
    • In-house research & development activity is currently prototyping a new 'Reviewer App' to extend product offering.
    • Well-positioned to capitalise on current client base & continue to cement the company's branding.
    • Process blueprints can be adapted to meet the needs of other markets & industries.
    • Potential to explore worldwide markets with the company's contacts in Czech Republic, Switzerland & Tanzania.
       

      Potential Purchasers:

      • Developers & solution providers of public sector SaaS.
      • Grant software providers.
      • Grant platforms in the financial sector.
      • Designers, developers & providers of case management software.
      • CRM providers for local authorities.
      • Software platform developers for tendering & bid writing.
      • Developers of comparison websites.
      • Tailored software providers to the public sector & charities.
         
        Year:

        2016

        Actual

        £'000

        2017

        Actual

        £'000

        2018

        Mgmt

        £'000

        2019

        Proj.

        £'000

        Turnover8341,0371,1801,760
        Gross Profit:602579618996
        Adj. EBITDA *223211149292
        * Earnings before interest, tax and depreciation (non-cash item)
         
        Bids Invited