Developing Solutions, Inc.

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Developing Solutions, Inc. - overview

Established

2002

Location

McKinney, TX, US

Primary Industry

Telecoms

About

Developing Solutions, Inc. is a Texas-based software company, founded in 2002, that specializes in innovative solutions aimed at improving operational efficiency across various sectors. Founded in 2002 by John Minnis, Developing Solutions, Inc. is situated in McKinney, Texas, US.


The company focuses on delivering tailored software solutions to enhance operational efficacy. It had a notable deal on June 22, 2021, when it was acquired by Mobileum, Inc. , a portfolio company of Audax Group. Financial terms of the acquisition were not disclosed.


Developing Solutions specializes in delivering innovative software solutions tailored for enhancing operational efficiency across various industries. Their core offerings include a suite of software applications designed to streamline project management, optimize resource allocation, and facilitate data analysis. These products serve a diverse clientele, including corporations, government agencies, and non-profit organizations, primarily in sectors such as construction, healthcare, and education. The software solutions effectively address challenges like project delays and data mismanagement, ensuring improved productivity and decision-making processes.


Developed over several years, these solutions are available in key markets across North America, Europe, and Asia. The revenue structure of Developing Solutions is primarily based on a subscription model, where clients engage the company for ongoing access to its software products and services. This model typically involves annual or monthly subscription fees, providing flexibility that aligns with operational budgets. The company also partners with various resellers and distributors to broaden the reach of its products, while offering customized solutions with tailored pricing based on industry-specific needs.


This combination supports a steady revenue stream and ensures clients receive continuous updates and support for their software solutions. Following the acquisition on June 22, 2021, by Mobileum, Inc. , Developing Solutions aims to strengthen its engineering capabilities, particularly in enhancing 5G core network skills. The acquisition is set to expand the firm's capacities in the technology landscape.


Specific future growth strategies may include launching new products designed to enhance existing offerings and expanding into new geographic markets, although detailed timelines for these initiatives have not been disclosed.


Current Investors

Mobileum, Inc.

Primary Industry

Telecoms

Sub Industries

Offshore IT Services/IT Outsourcing, Telecoms Equipment

Website

www.developingsolutions.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Developing Solutions, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedDeveloping Solutions, Inc.-

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