IT outsourcing company in the Netherlands & Poland

IT outsourcing company in the Netherlands & Poland 1. Executive summary Offer for sale: ? High potential, profitable, 3 years old Dutch company with her subsidiary company in Poland for the price of 1.500.000 euro. ? Company provides consulting, information technology and outsourcing services. ? Main customers are located in Holland and Belgium. ? Operations and software development takes place mostly in Poland. ? With over 20 well educated employees company did attract interesting customers like NEC Phillips. ? Turnover for 2008 will be 800.000 euro with EBIT of 150.000 euro. 2. Company information: A Dutch company with limited liabilities (Ltd) founded 3 years ago. The company owns a 100% subsidiary company in Poland (Gdansk). The company has 3 shareholders who each own 33% of the shares. All 100% of shares are for sale. 3. Asking price and selling terms 1.500.000 euro in cash. 4. The industry Consulting, information technology, outsourcing 5. Product and services The company offers 4 services: ? Business Process Architecture (Six sigma expertise) o Business Process Modeling and Documentation o Requirements management o Functional specifications ? Software development ( Microsoft .Net, Sharepoint) o Software architecture o Technical specification o Software development ? IT Infrastructure and system administration o Software deployments o Network management o Server hosting ? Business process outsourcing o Financial & administration tasks o Data entry & other administration tasks 6. Customers The customers are mainly located in Holland and Belgium. Most of the customers are medium size. The customers industries are: ? Healthcare ? Services ? Insurance 7. Personnel There are over 20 employees in the Netherlands and in Poland. Most of the employees have a university degree in IT, finance, business administration, all speak English. 8. Major assets A modern Polish office (200 square meters) in a new office building in Gdansk is owned by the company. This office has an air-conditioned server (hosting) room with professional internet connection and alternative diesel power supply. 9. Future plans Expanding marketing activities in Holland and Belgium. Start marketing activities in Poland. Increase our network of IT-partners in Poland and eventually in Ukraine. Increase employment to be able to accommodate minimum of 2 big projects (above 8000 hours) and 4 medium projects (between 2000 and 8000 hours) simultaneously. This action should lead to increasing in turnover to 2 million euro in the end of 2010 with improved profit of 25 %. 10. Financial results The company has always been profitable. The expected turnover in 2008 is 800.000 euro. The expected EBIT in 2008 is 150.000 euro. The financial results (P & L and Balance Sheet) for 2005 ? 2007 and forecast 2008 ? 2010 are available upon request.