Main Benefits

• Industry-leading software with a stellar client roster of multiple Fortune 500 brands
• Successful history of bootstrapped growth with revenues reaching a c.94.2% CAGR over 2016 to 2018
• Highly attractive SaaS metrics with a high LTV of c.$3,950 and low net MRR churn of c.1.3%
• Reputable brand in a rapidly-growing niche
• Scalable business model with lean cost structure and high margins

Description

FE International is pleased to present a market-leading B2B SaaS business in the coding and recruitment niche with a history of bootstrapped meteoric growth.

Launched in 2013, the business has grown to become the industry-leading platform used for technical interviews when hiring developers. With unrivaled functionality, the business allows its users to accurately evaluate an applicant's coding capabilities in a practical environment.

As demand for programmers continues to climb recruiters have traditionally relied on ineffective whiteboard tests to gauge a candidate's technical skills. The business was quick to identify a clear market gap and provide an effective solution that allows recruiters to simulate a live programming environment for technical interviews.

The business has onboarded a stellar client roster consisting of multiple Fortune 500 and Nasdaq Emerging Cloud Index clients. With a highly-rated product and clear value proposition, revenues have reached a c.94.2% CAGR for the period 2016 to 2018 while maintaining high margins and generating strong cash flows to invest in growth.

The business presents a rare acquisition opportunity for a new owner looking to take over a market-leading B2B SaaS business with a clear value proposition, unparalleled track record of success, and a long list of noteworthy clients.

* Revenue and profit figures are on a forward looking 12-month basis.