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Web & Mobile Development Company Investment Opportunity in Colombo, Sri Lanka

Company that enable clients to gain competitive advantage by taking them through the digital drive.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 124 thousand
Run Rate Sales USD 134 thousand
EBITDA Margin 25 %
Industries Web & Mobile Development
Locations  Colombo
Local Time 9:38 PM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 620 thousand for 49.0% stake (Native Currency: GBP 500,000)
Reason: - Building a unified customer loyalty space that will eventually serve hospitality space worldwide a... View More
Includes physical assets worth USD 62 thousand
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Business Overview
We are a software development firm that was formed and headquartered in London 6 years ago. 3 years ago, as part of company's expansion plans, we established the development centre in Sri Lanka with 7 engineers and we have progressively developed to 32 engineers that include the competencies of frontend and backend technologies, DevOps and QA. Incorporated the company with a vision to become leaders in digital transformation technologies. We started with the hospitality domain and began to bring the best breed of digital technologies and integrations to keep the client ahead of their market space while keeping the cost lower to bring the leads into the business. We also excel in digital marketing concepts which enables the hotel to drive more leads and conversions with least marketing spent. We currently have 5 large clients who give us recurring business and we are working on in-house education support software to expand and grow the business. We are now fully geared to serve the digitisation needs of any business domain and flexible to handle any type of project.
This is an independent company registered in Sri Lanka with active clients and revenue. Sale figures and highlights mentioned are for the Sri Lankan company and the stake will be given in that company. Promoter is located in Sri Lanka and looks after the operations here.
Products & Services Overview
Internet booking engines, mobile app with contactless check-in and checkout features, OTA integrations, siteminder integrations, PMS integrations, realtime Google hotel ads integration, business intelligence reporting.
Assets Overview
Intellectual properties of the company, development utilities, people resources, knowledge, laptops.
Facilities Overview
Registered business location is at the World Trade Center, Colombo and the rented office is of 2,000 sq ft. During the pandemic time, the company has adopted to a remote working model.
Capitalization Overview
Not Disclosed
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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