ITT1465

Leading Bank Account Reporting Services and Software Provider

Southeast US
 

The company's services are marketed and sold to banks and other relationship partners for resale to customers and are designed to accommodate their customers' unique accounting needs. Services include sub-accounting, fiduciary escrow/trust accounting and reconciliation, bank account monitoring, fraud and alert reporting software. The company's sales channels include banks, title insurance underwriters, real estate software developer networks and direct sales to the customer.

Key Aspects:

  • Recurring contractual monthly sales revenue
  • Limited competitive landscape
  • Established long-term financial institution and real estate industry relationships
  • Vertical software developer
  • Vertical software developer relationships
  • Solid and diverse customer base
  • Experienced personnel (30+ years of experience)

    Opportunities:

    • Promote services to accommodate new legislative compliance mandates
    • Research and develop new innovative financial solutions addressing customer's specific needs
    • Expand national footprint
    • Focus on market segments and vertical industries relating to real estate (real estate title companies, attorneys and national title insurance underwriters)
    • Market and implement the online sub-account management services to partner and prospective banks
       
       
       
      Year:

      2014

      Internal

      '000

      2015

      Internal

      '000

      2016

      Internal

      '000

      2017

      Internal

      '000

      Turnover8129231,131867
      Gross Profit:562657836605
      Adj. EBITDA *259339474265
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited