This software business has developed an accounting solution for oil and gas companies. This one of a kind software module simplifies and replaces the complex calculations and cumbersome spreadsheets that are associated with accounting for oil and gas companies. This solution integrates well with other accounting software packages. The company currently has about 20 clients and they project revenues will reach approximately $500,000 in 2008 mainly through word of mouth marketing. With a potential market of some 30,000 exploration and production companies in the U.S. and Canada, the product can also provide a viable solution to other asset intensive industries including mining and manufacturing. It has successfully passed the test of several audits by national accounting firms. The software has a very quick delivery and implementation capability making it an excellent add-on for an existing accounting software company that can cross market this product to its existing client base.

Reason For Selling: Focus on core business