For sale is a growing B2B SaaS business in the agile development and project management space.
Launched in 2014, the business has rapidly grown to become the go-to collaboration tool for developers looking to improve their teams' productivity via an effective task management software. The business integrates with Slack and Microsoft Teams to offer agile developers a robust feature selection.
Boasting more than 23 million daily active users combined, Slack and Microsoft Teams continue to capture market share as global teams look to streamline communication and collaboration. With development teams making a steady transition towards Agile development (which relies on many of the features offered by the business), the business offers a clear value proposition to a growing target market. The business also has an impressive roster of notable clients.
The software's clear value proposition and seamless integrations have resonated with users, attracting a stellar client base and fueling rapid MRR expansion. With lucrative SaaS metrics, including low churn and high LTV, a new owner will have profitable unit economics at their disposal to invest in growth.
The business presents a great acquisition opportunity for a new owner to take over a well-built built B2B SaaS business with a clear value proposition and a large addressable market.
* Revenue and profit figures are annualized on a last six-month basis.
Sale Pending: No
First Seen: Sun, Oct 27th 2019
Last Updated: Fri, Nov 15th 2019