To act as financial advisor
Highland has engaged SilverCloud Partners to act as financial advisor in the sale of its business. The business is a leading niche provider of online event software.
Based in Canada, the software as a service (SaaS) business offers event registration software, which streamlines and automates its customers’ conferences and meetings. The state-of-the-art self-service design provides excellent ease of use, flexibility and branding for users in the commercial, non-profit, education and government software markets.
The software is distributed through a direct sales and marketing team. The business has strong profitability with 89% recurring revenue derived from its transaction fee and fixed rate pricing models. Highland is experiencing year over year revenue growth. Current year revenue is estimated to be $685 thousand with over 250 active customers located in Canada and the United States.
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