$1.3M TTM EBITDA | Custom Software Development Agency | Remote
Project Wireframe is a well-established custom software development agency specializing in complex, data-driven web, mobile, and enterprise applications for mid-market and enterprise clients across North America. With 18 years of operating history, the Company has built a reputation for exceptional client service, on-time delivery, and the ability to handle technically demanding projects that commoditized agencies cannot support.
The business operates a hybrid delivery model with a customer-facing team in North America and a dedicated 21-person development team overseas on a fixed-price-per-project basis, eliminating idle capacity risk and delivering margins uncommon in the services sector. The Founder has scaled back to ~10 hours per week, with day-to-day operations fully managed by an experienced General Manager who oversees all sales, client relationships, and project delivery. equity into the transaction, ensuring leadership continuity and a seamless transition for clients and staff.
Key Investment Highlights
Exceptional Margins: 45% adjusted EBITDA margin with further efficiency anticipated with AI.
Blue-Chip Client Roster: Long-standing relationships with Fortune 500 and Government clients.
Scalable Delivery Model: Dedicated overseas development partner maintains a continuous recruitment pipeline, enabling rapid team scaling as new projects are signed, with no lead time and no bench costs.
Minimal Owner Dependency: Founder operates at ~10 hrs/week in a strategic oversight capacity. An experienced GM runs all sales and operations independently and will continue post-close.
AI Tailwind: Growing SME demand for custom AI-enabled applications is expanding the addressable market while AI development tools simultaneously reduce delivery costs, a dual revenue and margin tailwind.
Untapped Growth Levers: Recurring managed services revenue (~15%) is currently only offered to existing clients post-project. Opportunity to expand IT Managed Services revenue.
Reason for Sale
After 18 years of ownership, the Founder is pursuing personal interests and travel. The business operates independently and no longer requires day-to-day founder involvement. The Founder is committed to supporting a smooth transition and is open to a reasonable transition period post-close.
Next Steps
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