A rare opportunity to acquire a profitable, well established WA based software development company with 80% recurring revenue, strong margins and Tier 1 and 2 resources sector clients.
About the Business
This is a rare opportunity to acquire a profitable niche software development company with a niche software (SaaS) suite. Well established with 10 years of operations and headquartered in Perth. The business designs, builds and licenses proprietary operational data software spanning the resources sectors, and is priced on an earnings basis reflecting its strong and growing profitability.
Snapshot
– Revenue FY26: $892K (up 13%)
– Adjusted EBITDA FY26: $246K (27% margin), up from $56K in FY24
– Revenue mix is 80% recurring licence subscriptions, 20% implementation and services
– Annual recurring revenue: $682K
– Clean books. No debt. Minimal add backs.
Key Highlights
– Sticky, high margin proprietary software deeply embedded in client operations and compliance workflows
– Client base includes Tier 1 global mining operators, with relationships averaging 9-15 years
– Strongest revenue retention in six years
– SOC 2 Type 2 certified with zero exceptions, clearing enterprise procurement requirements that take new entrants years to achieve
– Consumption linked pricing that scales naturally as clients grow
– Lean, long tenured technical team
– Owner works less than two days per week in a non technical role
– Clear upside through focused sales and marketing activity, with current marketing spend under 3% of revenue against a SaaS norm of 8 to 15%
Business Details
The business has solved a critical operational problem in mining field data, and the SaaS products developed have multiple adjacent sectors also utilising the system. Once embedded, clients invest in customised forms and integrations that raise switching costs, and growth has historically come from deeper adoption within existing accounts. The founder is retiring and offers a structured handover.
Ideal Buyer
– Strategic buyers in mining services, METS or industrial technology
– Software and technology groups seeking proprietary IP with an established client base
– Private equity backed platforms seeking a high quality profitable bolt on
– Industry professionals with strong mining networks and business development capability looking to scale a proven, profitable base
– IT / Software / Technical background not required
