Verified Listing
Posted on April 24, 2019 / 390
Price : R19,500,000
Listing Type : HR & Payroll
Location : Johannesburg
Ref. No : 2544
Year Established : 1998
No. of Employees : 8
Trading Hours : 08h30 - 17h00
Turnover : R 355 000
Expenses : R97 400
Net Profit : R 238 000
Asset Value : R 375 000

This software development company has developed two unique HR and Payroll software products – the one product is for the Corporate Market and the other product has been created specifically for the SMME market.

The business was started in 1998 and has gone from strength to strength as the owners have made a significant investment in developing these two world class products. This has paid dividends as the company now has a solid client base with a substantial annuity income.

The products were developed using the Open Source Platform (OSS) allowing each customer to adapt the software to suit their own unique operating environment. Both these software products are Cloud Based Solutions, thus reducing existing server requirements and allowing easy and secured access throughout the company.

Software Intellectual Value: ±R19 500 000

Steve Van Rensburg – Roodepoort