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How to sell an IT biz in Ireland

  • 22-08-2008 5:05pm
    #1
    CaraFawn
    Closed Accounts Posts: 314 ✭✭


    Hi,

    I am the onwer of an IT company created the last summer.
    I am looking at selling the company in order to get it growing and move to the next step.

    I am not really interrested in the VC way and I am more looking at an existing IT company who would like to extend their skills/customer base in the high-end consultancy area with top demands (Enterprise portals, security).

    The company is perfectly sound, has not debt, no asset (100% service) and 2 employees only (the directors/owners).

    We work on high-end IT projects only for many Irish organisations, including several major governemental agencies.

    We also have a software in the making that is going to go a on live Beta in September.

    Anyway, I can't really find a proper and discret way to advertise that my company is for sale and if anyone here has such experience, I would really appreciate if you could point me out to the right direction.

    I found some specialised websites from Google searches, but they look un-professional/dodgy...Maybe a wrong feeling, I do not know.

    Thank you in advance

    Cara


Comments

  • #2
    NoSummer
    Closed Accounts Posts: 45 ✭NoSummer


    Hi Cara, As a wild guess are you the cara behind iWoman/iStudent?
    Anyhow have a look at
    http://www.investnet.ie/events/view/55/
    First tuesday is a good place to meet etc. Note the event is followed by a Dragons den style pitch!


  • #3
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    You could ask your existing suppliers and customers if they want to buy it and then employ you directly.

    Realistically, no one else would be interesting in buying such a small company, where the shareholders are the key people. If you sell and then leave, what will the company be worth?

    If you are launching a software product, that changes things. You really need investment for future development and marketing.


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