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Overview:Founded in 2013, this well-known brand is one of the most popular, highest rated and highest grossing apps in the entire Shopify app store. Key Points:Over 3700 active, paying customers22% YoY Revenue Growth, 40% YoY User GrowthOnly 3% monthly churn$917K EBITDAGrowth Opportunities:Reduce already low churn by increasing merchant onboarding speedExpand and grow ecommerce partnerships More info
This company provides required international maritime training to assist companies in following maritime regulations.Current CBT training programs are well established.Currently the training programs are used on ~3,000 vessels with 90 - 100 clients.There are about 8,000 vessels in the world who are covered by the regulations (so plenty opportunity to expand).Most clients have been using the company for many, many years. Competitive prices for training provided with good profit margins!Limited competition in the space - only two major competitors.CBT training is much more cost effective than instructor led.Since the regulations are always changing, IMO meets every year to discuss regulation More info